A degrading euphemism for a homosexual male. Very descriptive in nature, this insult may be used either in jest with your buddies or as a way of identifying a homosexual man.
Person #1: Dude, did you hear that Jared came out of the closet???
Person #2: Yeah, I heard. I always thought he was gay but now I know he's a peckerfeeler
for sure! If I were you, I'd avoid that dude like the plague.