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Phallacy 

A spurious statement regarding the size of one's penis.
He uttered an unforgivable phallacy last night. The sad thing is that it worked... She went to his room during the party. I can only imagine the look on her face after he dropped trou.
Phallacy by HanTzu November 5, 2010

logical phallacy 

Using a phallic (dick) joke in an intelligent discussion. (Not to be confused with: logical fallacy)
Our debate group had a pretty solid point, up until the point Robert committed a logical phallacy and our whole argument went to waste.

phallacy 

a lie regarding one's penis size
Mike said he had a 9 inch dick...that is SUCH a phallacy...
phallacy by Whitty May 26, 2003

phallacy 

Phallacy is the name of an amazing clothing company which offers magical color changing clothes.. That's right clothes that change color when you go outside. AMAZING MAGICAL

The word phallacy is a play on the word Fallacy as in a misleading argument or false argument.. Thus Phallacy's Clothing misleads many by having things appear on it..
Dick: Dude did your shirt just change color?

Jane: Yeah it's magic nig!

or

OMG YOUR SHIRT JUST HAD STUFF APPEAR ON IT !

DUH I bought this wonderful color changing shirt from phallacy lets go play in the sun and make it change...
phallacy by The Phallacy September 19, 2008

Phallacy 

It is a lie that all who believes in it gets fucked over
Phallacy is used in the same context as fallacy. it is a play on words. examples are believing that you will be happier being poor, believing that your GF isn't cheating on you, the media doesn't lie
Phallacy by Want some gas? February 11, 2023

Phallacy 

Phallacy: the false belief that one has a large penis
Mike was talking shit swinging his dick around like he's working with something massive. It's a total phallacy, he's hung like a squirrel!
Phallacy by DeepMatchSean May 26, 2023