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Sharpening the pencil 

when a girl with braces sucks a guys dick and it cuts his skinso his penis starts bleeding.
Wow. i heard that beety was sharpening the pencil.

stinky pencil

when a man gives a woman anal, and pulls out right before he ejactulates and writes his name in semen on her back
"why is she wiping off her back?"
"cuz i heard joe gave her a stinky pencil"

Smelly Pencil 

When a group of friends slide pencils through their ass cheeks and whoever has the smelliest wins
Person 1: I’m bored you wanna play something?

Person 2: Yeah I’m down for some smelly pencil
Smelly Pencil by BOBO1217365 December 17, 2020

Sharp pencil 

- OP was a sharp pencil today.
Sharp pencil by CaptainObvious1 December 5, 2012

sharpened pencil

when i was young, I had my pencil sharpened.
sharpened pencil by cmoorepuss April 20, 2004

Sharpening the Pencil 

When a guy inserts his penis into a girls tight pussy and fucks her until they both cum, making the guys penis sharp like a pencil. AKA- Sharpening his pencil.
Guy 1- hey how was your girl last night?
Guy 2- great! i was Sharpening The Pencil, if you know what i mean!
Guy 1- ah you're so lucky!