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sticking your penis in an electrical socket 

When you say something that you later regret. Usually refers to times when you tell an embarasing story to your friends because you think it is funny, but they then use that story to make fun of you.
Dude, stop telling people about that time you saw your grandma naked. Your sticking your penis in an electrical socket.

Sorry about your penis 

When a male purchases a sports car to offset the fact that he has a small penis in the hopes of getting laid.
Jim had no choice but to buy a brand new Porsche to help him get down her pants. We all thought to ourselves "Sorry about your penis".
Sorry about your penis by Broomy3 January 7, 2009

Speak Now or Forever Hold Your Penis 

When a hot girl is about to go get it on with some other dude and you basically have to act right now before the window of opportunity closes
Dude, The hottest girl in the club's about to leave with that chad over there. Speak Now or Forever Hold Your Penis!

How's your penis? 

Greeting from one ordinary guy to another to ask how he's doing, how life is treating him.
"Hey, it's good to see you. I haven't seen you in a while. How's your penis?"
How's your penis? by GregMD September 6, 2013

How's your Penis? 

Essentially, "How are you today?" If asked this, it is most appropriate to reply with "Okay" or in a similar fashion as answering the underlying question of "How are you?", though a joke or taking it literally(in a joking manner, of course) is also acceptable. Best used when asking a female friend, because they will not only be suprised, but they will think you are funny, increasing your chances of sexual relations (make sure that they get the joke first).
Me: "How's your penis today Joe?"

Joe:"Aight... Yours?"

Me:"Okay." I look to my lady-friend. "How's YOUR penis?"

Lady-friend:"Good. That reminds me, wanna hang out later?"

Me:"Sure. What time?"

Bow-Chicka-Wow-Wow.
How's your Penis? by Mista Flow February 14, 2009