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Cockney rhyming slang; "pony-and-trap" - crap
omg that clan were so damn pony
pony by Luggage April 10, 2003

ride the pony 

Guy: Oh yeah. Me and my girlfriend are tottaly gonna ride the pony tonight
Guys friend: Nice!
1: Slang term for anything relating to the show "My Little Pony"
2: A horse shorter than 5 feet
3: Twenty-five British pounds
Person 1: "Dude, whatcha watching?"
Person 2: "Ponies."

Person 1: "Is that a horse?"
Person 2: "Nope. It's a pony."

Person 1: "How does this cost?"
Person 2: "A pony."
pony by HyperPonyGBX5 May 25, 2012

pony ride 

(noun) a situation in which payment (time and/or money) is required for substandard goods or services.
I can't believe I waited in line for 20 minutes and paid $5 to ride that boring roller coaster. What a pony ride!
pony ride by JT Applefest September 29, 2010

hobbit pony

term used to describe a dog who is fat and large enough for a hobbit to ride.
hobbit pony by DreamsL0ST January 22, 2005

One Horse Pony 

One Horse Pony is the senile way of saying you’ve lost your marbles; or a perverted act
You sir are an one horse pony 👀
One Horse Pony by Millennial_things December 23, 2020