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peeling the banana 

they way you push back the forskin
peeling the banana by Nick February 19, 2004

Peeling the banana 

To take a male's virginity.
Sarah: So did you and rick ...you know.
Lisa: yeah i Peeled his banana.
Sarah: really??? Dosent peeling the banana mean???
Lisa: yeah.

Pealin the bananna 

When you pinch the head of your penis with your left hand and shave the shaft with the razor in your right using long strokes toward you
Dude, wait your turn, I gotta hot date with Ashley tonight and "I'm pealin the bananna" in here!!
Pealin the bananna by Rabbot October 7, 2011