Someone who is just annoying, and overall useless. A synonym to: douchebag, tool, asshat etc.
Dude, Kevin is such a penis faggot.
A bundle of penises. They are grouped and tied together for easier sale of many penises. Found often in the paintings of Jon van Eyke and Jackson Pollack.
A:Would you like to pick up that penis faggot, Jim?
B: What? This bundle of dicks! Ok.