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Bologna Pony 

It is another word used to describe a man's penis.
Jay: Hey Megan want to ride my bologna pony?

Megan: Not even if you paid me

Jay: Why not?

Megan: You have AIDS

Bologna Pony 

A Bologna Pony
The most exquisite american meat shaped into the lovely form of a pony

NOT VERY OFTEN referred to as a cock
Matt: Hey John, you see Jessica over there?
John: yea?
Matt: She rode the bologna pony all night loooong
John: *high five*

Bologna Pony 

In essence, it is another name for the penis.
Hey baby, why don't you come over here and take a ride on the bologna pony?
Bologna Pony by 5tephen August 19, 2008

ride the wild bologna pony 

what you say to get drunken college girls to sleep with you. may work on boys to.
Ben asked Guy if he wanted to ride the wild bologna pony. Guy wanted to, and ride it he did.

bologna pony 

she wants to ride the bologna pony
bologna pony by kainmarko September 9, 2003

Bologna Pony 

Body of Origin Dickn’balls Scandinavian

A man’s hard on is commonly known as this because of a pony’s specific conformation and temperament thus the bologna before it is sliced is a large spherical lunchmeat emulative of a male’s penis.
(Female) I am going to ride the bologna pony tonight!

(Male) Hey dude, you better hide your bologna pony it’s bulging out of the side of your gym shorts.
Bologna Pony by Luncheonmeat1 January 27, 2010