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Contrary to populat belief, a Pony Boy is actually a boy or man that drives a Mustang and is under the misunderstanding that their car is faster than every other thing on the road. Pony Boy's rivals include Camaro drivers, Trans Am drivers, and Corvette drivers. Occasionally they will be beat by a ricer (aka Honda, Acura, or anything with a tailpipe big enough to fit a grapefruit into) which is worse than a Mustang, but only by a small amount.
Yesterday I went up to Wendy's and saw a couple Pony Boy's standing around talking about the APC parts they recently purchased from Autozone to put into their Mustang. One of the Pony Boys even had neon underglow lights.
Pony Boy by Yabba Dabba Doo April 16, 2009
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Pony Keg 

A small store that may sell beer, wine, chips, penny candy, and other usually small items. Similar to the stores that you might find at a gas station, a convenience store, or maybe a 7 Eleven, but usually tucked away within a neighborhood and not as well stocked.
I'm going to walk down to the Pony Keg and get some Doritos.
Pony Keg by ButchGibson.com January 24, 2006

Needs a pony

Southern England pervert slang meaning you're looking for an Italian prostitute. Adding an age to the request means years of experience
Swith needs a pony. Looking for one thats about 8 - 10 years old. Anywhere in Britain is ok I think.
Needs a pony by HGFB August 2, 2006
The part of a catameran that keeps it afloat on the water. A catameran has two pontoons that are shaped like canoes. They are connected by a platform that the person sailing the boat sits on.
Without pontoons, a catameran would not be able to sail.
pontoon by zanny May 26, 2004

Mexican pony ride 

You go to the dog pound and pick up the sexiest and largest dog they got. Then bring it home and vaseline its poop chute up and rape it.
I got laid off at work and was feeling down so I invited some friends over for a Mexican Pony ride.

derrick ponton 

mistake resulting from me pulling out too late in his mother. Tried to abort him but his mom couldn't afford the fee at the free clinic.
Derrick Ponton wants to fuck his hand all the time
derrick ponton by Derrick's dad September 6, 2004
To kick someone in the crotch with your lower leg, causing your foot to stick out on their other side. The ideal Iron Pony should lift the person off of their feet. Saying "yee-haw!" while doing this is a good bonus but isn't absolutely necessary.
"If you don't quit it I'm gonna give you an Iron Pony!" or "If you don't want to take a ride on the Iron Pony you better shut up."
Iron Pony by Trooper18 June 23, 2009