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1.
Used when person is known or suspected to be talking nonsense or lies. Often accompanied with a repeated flicking of the ear motion.

Can be used as an alternative to "Jimmy Hill" chin stroking action.
Frank I have had sex with Anne Robinson
Bob Pingy! (with ear flicking action)
by Fraser the Scrotum August 27, 2007
 
2.
a fucking short bot in Red Faction 2, mostly fun for picking off with a sniper rifle, and or wailing on with any other powerful gun i.e. heavy machine gun
Did you see that? I tagged Pingy with the sniper rifle as he was coming off the platform
by (insert name here) July 23, 2003