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1. Basically, to engage in sexual intercourse, but particularly if one is in the "cowgirl" position.
2. Pay up.
3. Another term for lesbian sex in the cowgirl position.
Guy: Pony up babe.
Girl: *climbs on*
Pony Up by PigInADollHouse February 17, 2010
Related Words

pony binge

i'm in the import and export business. I deal in pony binge.
pony binge by Megatim August 11, 2008

Pony Pisser 

The act or art of bull shitting someone. Lying to someone for your own personal gratification.
Did you hear Jim braggin' about his latest exploits, he's such a Pony Pisser.
Pony Pisser by sitlab December 8, 2009

pony out 

"why don't you pony out?"
pony out by mimosonamia February 15, 2014

pony dildo 

A dildo with a mane on it, that looks similar to a horse's.
dildo my little pony mane
Ex. The fur on the My Little Pony pony dildo felt weird in my ass, but I secretly liked it.
pony dildo by Carrots April 7, 2016

pony dunked 

When you are gang raped by a pack of horny urban preeteen boys
Tell you didnt get pony dunked on you way home from work dad
pony dunked by Swissenchalada December 1, 2016