Penis theory is a catch phrase used when a male person does something, says something, or just behaves in a certain way that is attributable to nearly ALL men. These actions and behaviors are usually pointless, without significance, or increase stress or work and most females would never act this way. This phrase is most often used in a negative aspect by females in response to these frustrating behaviors exhibited by men.
My husband wont stop and ask directions: "Penis Theory".
The toilet seat is up: "penis theory"
Six trips to the grocery store due to lack of a list: "penis theory".
Speeding up and passing someone then slowing down in front of them thereby wasting gas and showing off: "penis theory".
Constantly flipping tv channels: "Penis theory".
by Future novelist July 20, 2011
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The theory that any bisexual person just hasn't had the right cock yet. Bisexual woman? She must just be curious but actually straight. Bisexual man? He must just be closeted.
"Amanda and Liz seem so perfect for each other! Any idea why they aren't together?"
"Amanda says she doesn't date straight girls."
"But isn't Liz bi?"
"Yeah, but Amanda still subscribes to the magic penis theory."
by briaguya April 20, 2015
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1.)one penis simultaneously gets off 2 women.
2.) A menage trois.

3.)Having sex with someone then forgeting if you actually had sex.
1.) The magic penis theory. "I shot her in the grassy knoll then I ran away and no one ever found me"
by Michael Doyle June 5, 2003
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