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gayer than a bag of penises 

Uber-gay. So gay your testosterone level drops just looking at it. Note that this phrase can be used to describe anything, either human or object, that is very gay-looking.
Person 1: So, what do you think of my new shirt?
Person 2: Nice colours. It's gayer than a bag of penises, dude.

Person A: Have you met the new guy? What's he like.
Person B: Pretty fruity, mate. He's gayer than a bag of penises.

smoking penises 

what I do on the weekends
Guy 1: I'm tripping off of LSD
Guy 2: That's gay man, I'm tripping off of smoking penises

Guy 1: Yo that's sick dude. lemme try that.

At least I'm not rubbing penises all over myself 

"At least I'm not rubbing penises all over myself."
(Introspective)

"At least YOU'RE....."
(Outrospective)

-Phrase meaning "It could always be worse..." or "I could be doing worse things right now."

Examples of At least I'm not rubbing penises all over myself.

A) Reassuring; In a bad situation used to remind another that "it could be worse." (Ex: "I know your life is chaotic right now, and you're full of inner pain....But at least you're not rubbing penises all over yourself.)

B) Optimistic; Use to reassure oneself that "It's not that bad." {Ex: "Even though I have no money, no job, no car, no girl...at least I'm not rubbing penises all over myself.")

C) Derogatory; Used to insinuate homosexuality in a straight friend. (Ex: "I may be having sex with a fat chick...BUT at least IM not rubbing PENISES ALL OVER MYSELF...GARY!")

Penissey 

1.When you jack off while listening to Morrissey.

I will be sure to do a penissey after I poop.
Penissey by Jack Wade April 7, 2007

smokin penises

Smoking large blunts. Or abnormally huge cigarettes.
No homo bro but we smokin penises
-Young Thug
(noun) the plural term for penis; multiple penis; group of penis
i will turn all of my ex boyfriends penises into penWAS's