A PEFF (penis eating fag fairy) is a male homosexual fairy that goes from house to house stealing men's penises while they are sleeping and they eat them
Paul: DAD!!!

Dad: what?
Paul: my penis is gone

Dad: I guess a penis eating fag fairy stopped by our house last night
Paul: you think?
Dad: yep, because mine is gone too!
by Ruinedflower347 May 4, 2016
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Ummm.... no real definition needed, just look at the phrase.
Your Mom Eats Penis better than Vadim does.
by Johnny Longhorn April 29, 2003
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