A new age descriptive phrase for the male genitalia. Wallace refering to the penis and beans refering to the testicles. penis
Fuck man, you hit me right in the wallace and beans.
Yea dude im tryin to get my wallace sucked tonight.
The girl just started licking my beans and I was like damn girl you nasty.
(Australian/English slang) Uncircumcised penis, i.e. intact with the foreskin concealing the glans, which to some, strangely resembles the soft, crumpled woolen headwear!
Antonym: Helmet
When I was at high school, we'd play handball and often separate into different teams using physical aspects, such as lighthair vs. dark, talls vs. shorts and of course, beanies vs. helmets!