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Pepperoni is used as a undercover word for beating the meat / to fap (solo).

There is also hot pepperoni which means sex.
Pepperoni juice is used as a other word for Sperm / Cum / ejaculation.
Last night I ate a really hot pepperoni and the pepperoni juice just squirted all over her face on my last bite. (I had really good sex last night with a hot girl and came all over her face)
Pepperoni by Deadjuice August 11, 2018
pepperoni is a code name for the hottest asian man around. he's funny, smart, cute, AND HES GOOD WITH KIDS!! he doesn't care if you liked him and his asshole classmates told him (he rejected you cause of peer pressure sweets) and because you can talk to his cousin, you can talk to him. you're best friend is gonna have to hang out with him cause they're the "smart ones" (njhs shit i swear) and you'll be manifesting him in a google slide on your school account
omg pepperoni is so hot

I KNOW

pepperoni hotdog 

The action of flicking a female’s nipple until they become erect and the proceeding to insert the nipple into the tip of an erect male penis
Dude last night we pepperoni hotdoged with both boobies.
pepperoni hotdog by Tophmister August 15, 2021

pepperoni stack 

noun, slang.
A nonchalant reference or nomer for the male genitalia. Commonly used to mask the immediate intention of the reference in the presence of young children.
"When the dog jumped on my lap, he stomped on my pepperoni stack."
pepperoni stack by Godulous January 22, 2009

pepperoni and green peppers, mushrooms, olives, chives 

Apparently it's what System of a Down likes on their pizza.
From SOAD's "Chic 'n' Stu"

What a splendid pie,
Pizza-pizza pie,
Every minute, every second,
Buy, buy, buy, buy, buy,
What a splendid pie,
Pizza-pizza pie,
Every minute, every second,
Buy, buy, buy, buy, buy,

pepperoni and green peppers, mushrooms, olives, chives
pepperoni and green peppers, mushrooms, olives, chives

pepperoni pipedown 

When you have a hard pepperoni and you give it to a girl she smack your dick til it gets red then she ducks it off until she says "Hey! Give me the fucking sauce"
Go buy a hard pepperoni and let's do a pepperoni pipedown