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peeling it 

1) to be slacking off or doing absolutely nothing; being a slacker
2) to masturbate

from the Spanish: Se la esta pelando. (He is peeling it.)
Person 1: Man, just look at T-Rex. He's been sitting there all day just peeling it!

Person 2: No kidding! I wish I had a job like that!
peeling it by TitoBear July 6, 2007

Peeling Chiles 

Chris Brown was peeling chiles in the bathroom while he was waiting for Rihanna.
Peeling Chiles by Roby4real March 18, 2009

Peeling ass 

A sexual postion involving a boiled egg and 2 litres of Pepsi max
Peeling ass by Ass peeler 69 October 20, 2015

peeling ginger 

When you go to give an uncircumsized irish guy a hand or blow job and the underside of his foreskin needs a good washing now.
Yeah O'malleys daughter thought her first threesome would be special but she spent the entire night peeling ginger with Bono and The Edge.
peeling ginger by Ranchgirls June 20, 2023

peeling layers of the onion 

This refers to the mental status of a person. The brain is the onion, and layers are the functions processed by the brain. As a person's mental status changes (ex. as they become intoxicated) they are peeling layers that control functions of the brain. The outer layers are the highest functions, and the first to go.
"So I heard last night was a blast"
"Yeah everyone was peeling layers of the onion, I dont think anyone could talk by the end!"

Banana Peeling 

Taking a young boy's virginity; the male equivalent of cherry popping.
My Aunt Annabelle went on a drunken banana peeling spree when she crashed my junior prom.
Banana Peeling by G2mbstone September 25, 2008