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No thanks, I already have a penguin 

When one member of a conversation says something they obviously intend to sound brilliant, but which is either completely moronic or totally inappropriate, another member can respond with this line as a way of pointing out said inappropriateness.
Othello: I'm madly in love with Desdemona, but I fear she's being unfaithful.
Iago: You know, I once had a spicy burrito I felt the same way about.
Othello: (stopping, with his mouth hanging open and his eyes blinking) No thanks, I already have a penguin.

Thanks, but no thanks 

a way of saying a polite no!
Thanks can be used to show approval. It could also be used to avoid doing sth undesirable and hence a No-Thanks.
Smith: How would you like to hang out with Lisa and Jane.
You: Thanks, but no thanks. I hate that fat chicks man!

No thanks Susan 

When you decide not to do something crazy and back down.
I’m totally gonna jump off this cliff!
Oh shit, it’s like 50 ft, no thanks Susan.

No thanks bro 

An act of declining
When the presidence daughter says she want wants some over time with you

-No thanks bro-
No thanks bro by Mangolandzs April 10, 2023

No thanks im not gay, ask Dennis 

Used when your saying your not gay.
Bob:"fuck you!"
you:"No thanks im not gay, ask Dennis"

1. A female that is unattractive, hideous, or has some male-deterring qualities.
"Yo dude, that chick is a no thanks"

"Yea I went to a party last night, but left cause all chicks were a bunch of no thanks"
No Thanks by Tonyisserious December 22, 2008