its a relatively non affensive insult taking the words 'penis' and wanker' and combining them to make something not quite as good as either.
by bee&mays florist February 21, 2009

Capitalism, where everyone gets a penis!
Used in Psychology student circles when debating outdated Freudian theories and concepts, like 'penis envy', in the context of contemporary gender issues.
Used in Psychology student circles when debating outdated Freudian theories and concepts, like 'penis envy', in the context of contemporary gender issues.
Person A: I have a penis envy, and I can't compete with mom for dad's attention (AKA Electra complex), so I'll get a penis myself.
Person B: It's capitalism! Everyone can get a penis!
Person A: Penistalism!!!
Person B: It's capitalism! Everyone can get a penis!
Person A: Penistalism!!!
by enistalism May 29, 2016

It's not that word, it is referring to people who play with a pen in class.
I myself play with pens in class.
I myself play with pens in class.
by 69420nakd May 9, 2022
