Marshmallow candies in the shape of rabbits and baby chickens. Usually served around Easter. Also short for "people".

short for people

friends, close pals

1) n. The delicious marshmallow candies created originally in bunny or duck form. They are bright colors and sugar coated for ultimate taste.

2) n. The slang term for "friends" or "people". It is usually used by the ignorant who choose to partake in a language known as ebonics.

Newly hatched marshmallow confections that migrate to the shores of the Delaware Bay where they are eaten by gulls.

Slang for friends
Marshmallow candy

“means People, and where you can find People to socialize with – Peeps.com”

1) Newly-hatched chickens, hence the name of the shaped marshmallow Easter candy.
2) The sounds made by baby chickens.
3) Secretly watches, usually for sexual thrill.