Privileged Penis Cracker Share definition Flag A derogatory term used to describe a Caucasian male. "If liberals ruled the world, white men would be renamed to 'Privileged Penis Cracker'." Privileged Penis Cracker by Pencil_Head February 19, 2019 0 0 Get merch Get the Privileged Penis Cracker mug. Buy Now — $32.95 See more merch