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Squatting pony 

sex move in which man sits on couch chick faces him and steps up on couch and sits down on his cock then bounces up and down
I gave her the squatting Pony!
Squatting pony by JBut December 25, 2007

bro pono 

When you do a tit for tat favor for one of your bros.
I gave my bro a few beers and he helped me get a job at the record store. Sick bro pono favor!
bro pono by Hasbroseph October 8, 2011

prom pony 

Stop being in your feelings and go out there and fuck the prom pony.
prom pony by randman90 January 14, 2017

Pat the pony 

Give up an idea/scheme as unworkable, esp. due to expense involved. From an incident where pony rides were offered, but were too expensive, so the child involved was told that she could "pat the pony" instead.
"This looks really good!"
"But look at the price!"
"Ah...oh dear. Never mind, I guess we'll pat the pony on that one."

The cotton pony 

A way better name for a Tampon than its politically correct term.
"Maryellen: Hows it goin today kitten?"

"Kitten: not too shabby just ridin' the cotton pony!!!!!"

Riding The White Pony

The act of a person being high,after snorting cocaine
DAD:"son are you riding the white pony"
SON:"no"