When womans pantaloons have extra congested cloth around the crotchal region which causes it to go out looking like a small penis. Also known as a Female Penis.
Girl: Whoa i have a major fepe right now!
Girl2: Me too!
by you just got elizzy'd October 6, 2005
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Fepe means Flat Earth People Everywhere. Most often represented visually by a meme-think illustration of an emperor penguin named FEPE. #FEPE
There are Fepe
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