pinned, selected, to be appointed.
You have been pegged for that project.
a man who recieved a strap on dildo in the ass from a woman
Jake was pegged from behind by Jane.
To have figured a person out
"You've got me so Pegged"
Being struck with an object which someone else threw at you, such as a tennis ball, dodge ball, football, crumpled up piece of paper.
Dude, Jack was walking to his car and I pegged him with a tennis ball in the back of the head.
For a CPU (Central Processing Unit, the most important part of a computer), to be overloaded with work.
Most commonly this will results in lags for other processes.
Buffer timed out (is the CPU pegged?) -- Android AudioTrack log output
To hang around local bars and take home easy good looking women
That girl at that bar last night totally got Pegged when she left
To drive so fast that the speedometer needle hits the peg that stops it from going round and round.
Dude, you hit 110 and pegged it!
To be high on meth.
1. you want another hit? No Im pegged