A male reproductive organ (penis) belonging to a biracial individual, causing the shaft of the penis to be two distinctly different colors. In most cases, this will mean that the lower part of the shaft is much darker than the top.
He sent me a picture in black and white to hide the fact that he has an Ice Cream Penis.
One day Ben lost his penis while he was high, he didn't know where it went to. It usually hangs to the left, but that day it decided to hang to the right. Well, Ben wasn't smart enough to figure that out. He went upstairs and finally found his penis, and he was happy again. Ben thought he lost it, because he thought he had a detachable penis.