1. Another word for foreskin or prepuce. This is the skin that covers the glans of the penis on an uncircumcized penis.

2. A bag that contains woman's best friend - her sex toys/penises.
1. "You're penis bag is showing." or "Your penis bag is stuck in my teeth" or "OUCH! My penis bag is stuck in my zipper!!!"

2. "I never leave the house without my penis bag!"
by le professeur de sex August 18, 2011
A game that has been historically played at music festivals since the late 70s. It involves whack-offs, catamarans and gobblers.
Anyone for a game of Penis Bag?
by Got The Gobbler August 15, 2014

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