A chick in the neiborhood who is ridden by everyone and everybody gets a turn in riding her. Basicially a slut.
Damn you sick fuck you hit the penicycle? you better get yourself checked out
by Natdizzledawg December 11, 2006
A sex move wherein the woman attempts to balance upon the man's erect penis. Like riding a wet unicycle in bed. Antithesis to the chinese acrobat
Janet: "I rode Frank's penicycle last night!"
by BaseDecade March 26, 2009