1. Old phrase that means: What are you thinking? Technically it means: I'll give you a penny if you tell me what you are thinking. It's silly to give a penny or receive one for your thoughts so no one ever does. Peter Frampton used it for the title of his guitar instrumental that can be heard on Frampton Comes Alive.
Penny for your thoughts? Um...let's eat?
by thedzone October 17, 2009