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Peanus is a misspelling of the word penis. It's how some kids spells penis because it sounds like peanus. They also spell vagina vajina.
Kid: Peanus!
Other kid: Peadus! Vajina!
Peanus by HawaiianPunch1 January 1, 2022
Related Words

Peanus Butter 

Spelled similar to "peanut butter", peanus butter is when you take peanut butter and spread it on some bread with your penis. Peanus Butter can be used as a noun (peanus butter) and a verb (peanus buttering). A peanus butter sandwich is when you keep your penis on top of the bread after spreading peanut butter and then put another piece of bread on top to create a sandwich with your penis in the center. This form of "art" is erotic and can be a variation of eating a dick.
That peanus butter sandwich is so tasty. The hairy skin tastes so good.
1. N. A penis which is the approximate size of a peanut. Not a mispelling.
That guy took too many steroids, now he has a peanus.
Peanus by Mule_Hammer September 14, 2005
Peanust meaning an unintelligent person that can't follow directions and is absurdly annoying
Person 1: Have you heard of Billy
Person 2: No
Person 1: Yeah don't talk to him, he's a Peanust
peanust by TerrorFuckingMaxima November 16, 2020

hort peanus 

i forgot to put sunscreen on my dong and got a hort peanus
hort peanus by Lomaarharetanio February 17, 2022
A corruption of the word "Peanuts". Originating from a poll on the wordIGN Boards/word by user DcPunk, which was meant to be called "What's your favorite type of peanuts".

Instead, the poll looked was asking people to choose between salted or roasted "peanus".

The word has been absorbed as part of standard issue Internet-speak, and literally means "penis".
OMG uRghey now stik ur peanus in my but kthx
Peanus by Mr_eX September 8, 2003