1: An expulsion of air released by the penis.
2: A reference to someone that will never make it in the real world, or is too much of a pussy to get shit done. This originates from the fact that "penisfarts" never happen.
Tice: Yo whats up with Morgan? He's been failing all his tests and he never goes out anymore.
Dylan: Yeah I heard he's been a real penisfart recently. He needs to step his game up.
Tice: True, true.
v. to not waste time or beat around the bush. blunt and straight to the point. the opposite of pussyfoot.
chicks digconfidence so get your balls outta your purse, approach her, pleasantly penisfoot and tell her you wanna take her out, and you'll be smooth sailin'.