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An acronym for the phrase "easy Freshman pussy". This is often used by high school Junior or Senior (sometimes even people who are graduated form high school) douche bags who are too insecure to bang girls their own age. Many reasons fuel the phenomenon of E.F.P., but it is most commonly because a 17 year-old penis looks gigantic to a 14 year-old.
Guy 1: "Damn, dude... She's kind of young."

Guy 2: "Shut the fuck up: you know I love me some E.F.P."
E.F.P. by Reefer_420_Madness October 28, 2012
Pussy eating friend.
Troy, you are my best p.e.f. ever!!!
P.E.F. by Daisy Clover October 7, 2010

P.I.F.2.E. 

Poop Is Fun To Eat
Robell said, " P.I.F.2.E."
P.I.F.2.E. by Broderick November 14, 2003
The freebie exclusion principle (F.E.P.) dictates that if you eat a free food sample, you must not buy that food in the same fiscal year or the company wins and your sample was not free.
Q: Why didn't you take that free gatorade?

A: F.E.P. - I could never hold off gatorade for a year.
F.E.P. by wombledude August 20, 2018
An X-factor introduced into a conversation to enhance a story, based on unsubstaniated information, covering a wide range of possibilities. A practice typical of ex-newspaper people who've made the transition to public relations work. (Pronounced: pee-ee-eff).
It’s possible we’ve got enough to cover the whole thing; depending on the P.E.F., though, we could be way short.
P.E.F. by Aquamanatee7 October 26, 2009

p e r f e c t i o n 

Emily is p e r f e c t i o n .

p e r f e c t. 

Ray is absolutely p e r f e c t.
p e r f e c t. by Wondercat123 September 23, 2021