1) cute little delicious marsh-mellow chicks. Usually are around about Easter. The Peeps company also makes bunnies. They sell novelty peeps items such as peeps socks, flashlights, plush, containers, easter baskets, and much more.
2) Short for "people".
3) Friends, buddies , pals, etc.
1) "Mmmmmmmm! these peeps are delicious! I'm going to eat these everyday for breakfast!"
2) "Hey peeps! What's up?"
3) "These are my peeps"