potato peeling 

The use of a potato peeler on a guy's dick. Very rare in real life, but nevertheless the ultimate potential downside of receiving a handjob or blowjob from a girl you just met. Often used as a joke at one of your homies after he turns a girl down.

Eg 1: Chris is kinda paranoid. This girl was going down on him when she pulled something out of her pocket; he freaked and thought she was gonna try potato peeling, but it was actually just her cell

Eg 2: why didn't you hook up with that girl? Afraid of potato peeling??

potato peeling by syny567 March 7, 2009

Holy Potato Peelings 

Owww...

So, anyways, there was this guy, and I says to him, "Somebody get me a danish," and he says, "Holy potato peelings."

Holy Potato Peelings by some guy August 13, 2003