some lame assindividual who cant do jack and owns little to nothing, not even his/her life. Modern day, can be described as a newcomer to a place or a slow thinker
<Jack loses in a game of kahoot to Phil>
Phil: HAHA retard bow down to me your king of frog sex PEASANT
Jack: ;-;
A peasant is a term used for someone who is annoying, dumb or not as swagalicious as yourself. Peasant can be used as an odd affectionate term for you close ones HOWEVER it can also be perceived as an insult, so use wisely.