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Penis Time 

Any act involving a penis penetrating a female whether it be in the vagina, mouth, ass, or whatever kind of fucked up places your penis penetrates. Penis time, generally refers to one night stands, but can be used any time when describing your magical night to your friends or while tweeting about it at work or school.
Dood, i totally jus made penis time with that bitch! :D
Penis Time by Bill Pill September 26, 2009

Sexy Penis Time 

The moment that comes when you have to use your penis for a sexy time.
“Guys it's sexy penis time.”
“Is sexy penis time the wave”
Scenario 1:

“Is it the wave?”
“Is what the wave?”
“Sexy penis time. Bro is it the wave?”
“It’s the WAVEEE!”
Sexy Penis Time by nwerdgod3000 October 6, 2019

time to penis 

The amount of time it will take for a user of a product or service to use it to make a penis joke
"TTP, or time to penis, is a mathematical constant, defined as Zero."

Time Until Penis (TOP) 

Usually a gaming term, refers to the approximate amount of time from when a software is released until someone figures out how to make something into the game a penis.
Your friend: Hey! I just made a penis in minecraft!
You: Yeah, the Time Until Penis (TOP) for Minecraft was about 4 minutes. Good job.

Penis Butter Jelly Time 

Ok I'll be honest. This phrase doesn't exactly have a meaning yet, but with the power of the internet we can keep on saying it randomly whenever we feel like it and it will eventually catch on and have a meaning of it's own.

It's Penis Butter Jelly Time, Bitch.
Normie: Hey John, what time is it?
Based: It's Penis Butter Jelly Time, Bitch.

.9.<.7.9.7.6.>《.7.9.7.6.》Penis (Dick) Artistry Starts In 3.43 Nanoseconds And Ends In 100 Minutes. Do Not Confuse Return Of Investments, Monetary-Wise As Well As Time Lapses. Start On A Birthday《.7.9.7.6.》<.7.9.7.6.>.9.

.9.<.7.9.7.6.>《.7.9.7.6.》Penis (Dick) Artistry Starts In 3.43 Nanoseconds And Ends In 100 Minutes. Do Not Confuse Return Of Investments, Monetary-Wise As Well As Time Lapses. Start On A Birthday《.7.9.7.6.》<.7.9.7.6.>.9.
.9.<.7.9.7.6.>《.7.9.7.6.》Penis (Dick) Artistry Starts In 3.43 Nanoseconds And Ends In 100 Minutes. Do Not Confuse Return Of Investments, Monetary-Wise As Well As Time Lapses. Start On A Birthday《.7.9.7.6.》<.7.9.7.6.>.9.