E-peen - Online penis size. Basically online ego, how awesome/respected you are.
E-peen Jousting - A battle of egos online.
An e-peen joust:
Person A: Lol Im a 1337 u84h h4xx0r.
Person B: I can has moar 1337 h4xx than u!
Person C: E-peen jousting ftw!!!!111!!one!1!!one
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