Yo man, last night my girl came in the room, said she wanna do it, but i was masterbating so good-almost to climax, so i decided to penebate her. We both gained
1) the act of having sex with a partner without actually dating.
2) Similar to a booty call, typically a penedate starts after midnight where one, or both, parties have been drinking and get the urge to have sex. Typically, they are friends-with-benefits.
similar word: PENEDATER: A man who does not go out on dates but does meet up with a woman, usually late at night, to have sex.