A penis of gargantuan size; in both length and width.
While in the changeroom, Yahye said "Holy shit Nasser, you have a big shlong ".
by rotflol360 November 22, 2008
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a really fat,long, slimy, and vainy penis
"man that bankskank licks shlong"
by alex brownie April 9, 2008
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put away you shlong cause I don't wanna see your dong
by blind December 11, 2003
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It beacuse I have a hugh shlong isnt it.

My shlong is 80 pounds, I know you want this shit!
by chole west March 23, 2003
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Verb
1. to buy and sell a currency simultaneously
2. to buy and sell a stock simultaneously

Noun.
1. a trade consisting of both a buy and sell of the same currency, also known as a short and long position
2. a penis
Verb Phrase
1. to shlong, I am going to shlong eur/usd right now
2. shlonging, I am enjoying shlonging eur/usd.

Used as a noun:
1. I am loving my shlong right now.
2. I am waiting for movement in the market to release my shlong.
3. I am going to hit eur/chf with a shlong.
by porchmonk November 16, 2011
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