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Instead of a penis, its just a nub, no balls or no holes. Similar to a thumb with no fingernail.
Instead of urinating from the penis, urine comes from the anus.
A penib can be created by removing the penis and letting it form into a nub.

Also see: Penis
“Dude did you hear that Johnny has a penib?”

“Yeah. He got his dick cut off last month.”
Penib by moondrop0410 June 14, 2020
Related Words

penigger 

Insult -out of rage- towards someone who has just killed you in a videogame, especially shooting games. Mix of "penis" and "nigger".
Razvan: Crap, man, some guy just no-scoped me across the map.
Jacob: Wow, that guy is such a penigger.
penigger by razvanovicio August 23, 2011

Penile Exile 

When you sell your house and/or get fired from your janitor job but still continue to give money and support to a younger woman who does not fuck you and even squanders the resources on her playfully abusive ex boyfriends.
Well let's just say M & M were on permanent penile exile from the other M.
Penile Exile by Ranchgirls December 6, 2020

penigram 

Ben Dover was penigram sexting his admirers!
penigram by I, Wreckerrr February 5, 2017

penile picasso 

One who is incredibly gifted in the handling of either their own or someone else's penis.
"As Michaelangelo worked with clay, and DaVinci with oil, Beth is a true artist with the cock. She my friend, is a penile picasso."
penile picasso by theunknownone September 25, 2005

penbleeder 

Someone who writes a lot (coined by novelist Brian Celio)
The young penbleeder spent ten hours writing yesterday.
penbleeder by wrenchinthegears September 15, 2009