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It's loosely close to panic but has a different case and reasoning.peenic means staying weak and dumb with a sort of panic.

It's used to give pseudo confidence to a particular person in a problem who has no chance of getting away from it
.Don't confuse it with panic

Predominantly used in North Chennai Tamil youths, India
Raju encouraged Ramu to not get peenic because his favourite actor got a red card from actors union
Peenic by THAMIZH KAAPAAN February 24, 2019
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When STR's fans panic, it's called peenic.
We are STR fans a.k.a. "The peenic boys"
peenic by karuthukuppan February 24, 2019
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The word "peenic" was derived from the English word panic when one of the STR fan used it in one of his vlog.

Then he was made a comedian by a YouTube channel named VM and that's how the word peenic gained popularity.
When STR movie flops his fans gets Peenic
Peenic by Kevin_Tom February 26, 2019
The shipname for Finnick Odair and Peeta Melark in the hunger games. There's a lot of sexual tension between them, and not enough fanfiction so GO WRITE SOME ALREADY.
Non-shipper: "Omg, did you see Catching Fire??"

Shipper: "Heck yeah I did! I loved the Peenick-scene the most..."

Non-shipper: "Euw, they don't even like each other... PEENISS FOR LIFE!"

Shipper: "Oh hell nah"
Peenick by Aphrodite Red November 28, 2013

Pšeničnik 

Slovene slang for a person who can lift 50kg on one arm.
Wow!Do you lift beacuse you look like Pšeničnik!
Pšeničnik by BestJewInTheBlock December 19, 2018

Penicular Homicide 

When you absolutely wreck that girl's pussy with the D.
Did a little penicular homicide last night on Rachel. That pooty is wrecked braaahhhh.
That man has is bald! His head is very penic
Penic by Jimothey1 May 29, 2018