Banana Peeling 

Taking a young boy's virginity; the male equivalent of cherry popping.

My Aunt Annabelle went on a drunken banana peeling spree when she crashed my junior prom.

Banana Peeling by G2mbstone September 25, 2008

Peeling Paint 

when you are sitting on the toilet taking a deuce and the foul smell is peeling paint off the walls

Matt: Jamie, where have you been?

Jamie: I was down on the fourth floor peeling paint!

Peeling Paint by mbenge August 18, 2008

peeps peeler 

One who peels back the foreskin of an uncircumcised penis.

Rick sure is a peeps peeler.

peeps peeler by Frank & Cabs November 1, 2005

Peeling the Label 

Usually viewed as an indication of Sexual Frustration. Affected persons will be seen trying to remove the label from a beer, pop, or juice bottle. Some will play it off as simply boredom, or high anxiety. In some cases, may be remedied by removing said label and presenting it to a person of your choosing, if they accept your label then you could be getting some.

Well she was fighting them off

At a corner table

She had a longneck bottle

She was peeling the label

The look on her face

It was perfectly clear

She said somebody please

Get me out of here

The look she shot me

Through the glass refraction

Said a little less talk

And a lot more action

- Toby Keith in "a little less talk and a lot more action"

Peeling the Label by The Beermandu August 1, 2011

Peelabola 

Informal name for a woodlouse or pill-bug, a type of insect that lives predominantly in damp conditions e.g: under paving slabs and logs.

Alex: Ew gross I just stepped on something crunchy outside, I think it was a bug.

Katy: Was it slimey? Could have been a snail.

Lynda: Awww no, you've just squashed a massive peelabola!

Peelabola by McKemptown August 18, 2009

peelout 

when i car gases up quick from a dead stop and the drive wheels spin for about 2-3 seconds

that car just peeled out
that car was peeling out

peelout by James May 13, 2005

peelo 

a Finnish name for lameass in chatroom and/or IRC.
Peelo is also known to be used in "real life" to define someone as a total jerk or asshole.

<Tomatoguy> I WANT PUSSEH!!
<Tomatoguy> I WANT PUSSEH!!
<Tomatoguy> I WANT PUSSEH!!
<Daveh> Tomatoguy, stfu you peelo

peelo by Davey DDnon. May 26, 2003