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Wooden Peg

A wooden peg is someone who's greatest claim to fame is that someone planted a seed for him to exist. Wooden peg's were never to become great oaks; they are cut down to size, hold tight for a while only to suffer more humiliation and drop to the ground, often into a freshly laid dog turd.

A wooden peg is the sort of person who will end up with the wooden spoon award.

A wooden peg could be having a run of luck, such as holding onto some sweet model's lingerie but everyone knows it won't last because the person is a dead set loser about to fall again.
That football team had potential until that wooden peg started coaching them. They now play like they've been infected with his woody fungus and will no doubt take out the wooden spoon award.

That Jacob is a shit stained wooden peg. His only success in life was when he was the winner of his father's sperm race, since then he has failed in everything he's done and no doubt will turn into a junkie hanging out in the trailer park with the likes of Dirty Robby
Wooden Peg by Honey Crumpets May 28, 2019
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A condition of heightened anxiety and short temperedness brought on by a combination of frustration, long-drive induced claustrophobia, fatigue and lack of cold beer. Dubbed after a nickname of Winnipeg, Manitoba where the condition was first formally documented.
Actual Transcript of initial case of the Peg, summer 2006:

Index Case(IC): "Winnipeg sucks!"

Innocent bystanders (IB): "Oh man Jenny is getting the Peg, we gotta pull over and get some beer into her."

IC:"How dare you accuse me of getting Peggish!"

IB: "Easy now, don't Peg out...look, see? A Boston Pizza, they have a patio and beer. Pull over."
the Peg by Dudebun December 31, 2007
Related Words
pegging peg Peggy pegged pegasus pegina pegleg Peggy Sue pegger peggle

Seldom Peg-Bis 

A penguin biscuit that actually has a good joke.
Charlie: "Hey man, can i read your penguin wrapper joke?"
Eithel: "Why bother, the jokes on it are so bad"
Charlie:" You never know you might have a seldom Peg-Bis"

*Looks at wrapper*

Q. What do penguins sing to each other on their birthdays ?

A. Freeze a jolly good fellow

Charlie: "No not this time."
Seldom Peg-Bis by GearGrinder August 27, 2009

Nose peg 

The act of one receiving an unwanted incirlement of their nose by a willing giver’s anus.
Poor, unsuspecting, Archibald received a nose peg at the weekend. The shit wouldn’t come off his nose until Tuesday!
Nose peg by SharetheloveJB October 9, 2018

Prepare To Peg 

The act of getting ready to put on a strap-on dildo and anally penetrate a man, or a man getting ready to be fucked in the ass by a woman wearing a strap-on.
Dave and Chuck The Freak coined the phrase "Prepare to Peg!" during one of their segments involving pegging.
(p.e.g. is a term commonly used in the narrative of the fifth release of the far cry franchise.)

PEG - an acronym for "Project Eden's Gate"

-a PEG refers to anyone allied w/ FC5's antagonist, a cult known as, "the project at eden's gate." the protagonist, i.e., player, aims to take down the cult (& anyone affiliated) therefore all allied communication refers to cult-affiliates as PEG or PEGGIES.
GUY: i may never have gone to war but if a peg come after my family - i'm m sure as hell gonna give them war.
a peg by idtst May 28, 2018

Smeg peg 

An unwashed penis.
'Dude I havn't washed in a week, Check out my smeg peg'
Smeg peg by \/\/3z September 28, 2008