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1.
1. When someone cuts you off when you are speaking because you are taking too long to say something.
2. Being told to get to the point because you are speaking too slow.
3. Verbose speaking leads to being hurried up.
Hank was petered during his presentation because it took him 15 minutes to finish a sentence.
by Leena May 05, 2005
 
2.
A polite way of telling someone that things are more difficult because someone got in your way. (Peter being a slang term used to refer to male genitalia; screwed)
I would have had this project done but I got petered.
by Matthew Newman September 29, 2007