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Acronym for: Pulling Penis While Laughing. Typically used when you've cut a secret hole in your pants pocket, allowing you to fondle and pull your penis while laughing at someones joke.
Person 1: ..and then I said "Blew a tranny? You're goddamned right I did - AND the transmission on my car is busted!"
Person 2: (jams hand in secret pocket hole and starts pulling penis vigorously) PPWL!
by DONG KARLSON April 14, 2018
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