Penis Inspection is a mandatory health and safety program run by many primary/junior high schools where a person, generally an unqualified gym teacher/older man, would inspect the boys penis' to see if there is any problems.
"Aw not penis inspection day, this is the third time this week Mr. Joben has inspected me"
"That's weird I thought they were only meant to run one of them a year"
The act of taking someones dogtags (nipples) in the popular video gameBattlefield 3 with your combat knife. This difficult move is often preformed by Robbaz the Viking Badass and may someday be trademarked by him.
Guy one: SHIT!!!!!! THAT ASSHOLE ROBBAZKING KEEPS INSPECTING MY NIPPLES!!!!!!!!!
Robbaz: Haha I just gave that bitch a Nipple Inspection.
A random day in your elementary school where your principal calls you to his office to inspect your penis. Usually calls you in with the squad. This is mandatory and if skipped will lead to expulsion.
a game one plays with ones friends in which one calls "erection inpection" during an eroticly charged or appropriate part of a movie, the freinds are then bound by honour to stand strait, hips out with there hands on their head, any among the group with erections are either shunned and never spoken of or given mad props for the fearfull pork sword he has sprouted, this is often context specific and depends on the nature of your friends.