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pencil dropper 

A subtype of classroom attention whore (usually female) who drops personal items in the hope that her teacher (usually male) will pick them up for her, thus proving he knows she exists. This is a variation on the shlemiel/shlemazel game: the student is the shlemiel, and the teacher the shlemazel.
Young lady, that is the third time you have dropped something this bell. Is the force of gravity singling you out for unfair treatment today, or have you become another pencil dropper?
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Pencil Sex 

When a man ejaculates inside a bucket, pours the bucket over his head, and drags his head across a female's body as if he was a pencil and the female was a piece of paper.
Bob: Want to have pencil sex?
Michelle: k.
Bob: OKAY IM GOING TO POUR THIS BUCKET OVER MY HEAD AND WRITE ON YOU
Michelle: k.
Pencil Sex by Khagreytits September 7, 2014

pencil grip 

when a guitarist picks with his first finger stiffened out, and the thumb usually bent at a 90 degree angle.
(great for palmuting)
(frowned upon by teachers)
He doesnt play regularly he uses pencil grip.....
pencil grip by Sithmaul February 17, 2008

pencil cover

noun
a condom for a pencil aka a penis
lets get pencil covers on our way home from 7 11

pencil boarding 

instead of learning, you use a pencil as a skateboard. you can make all sorts of obstacles with your text books and other school supplies. in my school it is a crime punishable by detention to do it in classrooms. so the pencil boarders do it in detention.
www.youtube.com/watch?v=apc32MGlpxI is where you can see mechanical pencil boarding at its finest.

pencil beat 

A term used originally by carnival workers to describe arbitrary fees or charges designed to take away money or wages a person should be entitled to keep or receive.
Person 1: "Even with the late charge, I should have my payments caught up next month."

Person 2: "You won't pay just a late charge - after they pencil beat you for administrative and other charges, you'll be paying a lot more."

or

I'd rather just clean my own uniforms, rather than have the company pencil beat me for cleaning charges on every paycheck.
pencil beat by Aeryn4 November 22, 2009

Pencil Gip

When you drop a pencil in class and reach down to get it, and it rolls away even further when you touch it and usually to a spot where it cannot be reached.
Martin: (drops pencil) (reaches down to grab it) "DAMMIT THAT WAS MY ONLY PENCIL!"

Joe to Dave: "Ouch! That Sucks.."

Dave to Joe: "yeah he totally just got pencil gipped."