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Thick as a first grade pencil 

She's bad! That girl is thick as a first grade pencil

mechanical pencil 

wrap your dick in tin foil and go into intercourse with a woman while moaning "i need to finish the essay!" after ejaculation you say "i ran out of led, i need a refill"
pencil nut, mechanical pencil

blade of a pencil sharpener 

The blade of a pencil sharpener is surprisingly very sharp. When taken off the pencil sharpener, it becomes the perfect utensil to cut yourself with. Just remember right to left is for attention, and top to bottom is for results.
Viswathish: Shira have you been cutting yourself with the blade of a pencil sharpener?
Shira: Yes I have, it's surprisingly super efficient.

I'll pencil you in 

It literally means that someone will give you the details of something, but is usually just someone trying to give you the runaround.
"What happened with you and your girlfriend?"
"I'll pencil you in later."

mental pencil 

Making temporary note of something in your cranium
Dave: "What was the name of the girl you took home last night?"

JimmyGumJobs: "Don't know, only wrote her name down in mental pencil, won't see her again."
mental pencil by gymsmyth June 1, 2010

Hot Pencil 

The act of Post sketching sexual intercourse.
The pencil is still hot from allt he sketching and one fallace follows another.
Boy - "Hey my sketch of you is really coming along
you wanna see?"

Girl - " Yea sure"

*shows sketch*

Girl - "hot pencil me"
Hot Pencil by HotPencil June 27, 2011