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Penaloaf

A loaf of bread made from an elephant's penis.
Person 1: "Dude I just ate the most epic penaloaf"

Person 2: "You know that stuff is made out of elephant penis right?"

Person 1: "Fuck yeah, its the danks."
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Penaloffaloffalous

An inbred elephant with a penis for a trunk.
Dan: Damn that is a big elephant. Does is it have a penis for a trunk?
Steven: No, that is not an elephant, its a Penaloffaloffalous, an inbred elephant.
by soultaker January 25, 2013
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