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V. Quickly eating, nibbling, or devouring in a limited amount of time on ones penis. Not a desired sexual transaction, unless that is, he or she that is performing the gobbling is dressed as an ass goblin.
"I'm going to penis gobble like it's Thanksgiving"
"While I gobble on your penis, I'll be dressed like an ass goblin"
"Hey bro, kevin gobbled my penis last night"
by PenisGobbler8=====DO: August 13, 2009
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