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1.
The state of not having a penis
You are just mad because you suffer from penislessness
by Raziel April 28, 2003
 
2.
The loss or the event of not owning a penis. Women are the main suffers of penislessness, also those who have had unfortunate accidents.
"I have no penis, i have got penislessness."
by Tom997 February 19, 2009
 
3.
The state of being without a penis.
I curse you with penislessness! You and all your children, and your children's children for a thousand generations, will be cursed with penislessness! And Vishnu will beat you with his many arms. Very fast.
You mean they'll be women?
Shut up. I curse you.
by PervinMervin February 06, 2011