Person 1: Hey are you a top or a bottom?
Person 2: I'm not a top, I'm a bottom!
Person 1: Oh, I thought you were a top, are you sure?
Person 2: Yes I definitely prefer to be on the receiving end.
Person 1: Well either way, this is a world where you peg or get pegged.
Person 2: That's a very true and very philosophical statement, I agree.
A term used in call of duty 4 commonly referring to killing someone by hitting them in the face (although it can be anywhere really) with a stun grenade. commonly referred to as "Pegged" or "Thudded" for short. This act is usually follow by vulgar insults.
Player1 "Oh noob you just got stun pegged to the DOME!!!"
Player2 "WTF HACKER. I WATCH KILLCAM. THAT IS IMPOSSIBLE WITHOUT HAX YOU %#@$@"