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1.
A penis that is prone to pre mature ejaculation.
Girl 1: I was with this really hot guy last night.
Girl 2: Did you sleep with him?
Girl 1: Yeah but he prematurely ejaculated so it was over pretty quick.
Girl 2: Oh pity, sounds like he had a Two Minute Noodle.
by principessash August 26, 2009
 
2.
A Person who is of little or no value. Worthless
JOE: That new employee Tommy doesn't get anything done but sit around and play with his Tablet all day

BOB: Yeeup hes a two minute noodle...but hey that way we pay him minimum wage just to collect the trolleys.
by Pol Pothead May 30, 2014