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Much like the Xbox 360 is known as the Sexbox 360, the PS3 is more commonly referred to as the Penis3.

It is a much sexier, and more homo-erotic way of describing Sony's console.
Johnny: Hey there Tony, did you buy the Sexbox 360 at Best Buy today?

Tony: Nah dude fuck that, I bought myself a Penis3 and I've been playing with it all night in my room.
Penis3 by KittenInAStocking May 10, 2010
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Guacamole nigga penis 

Hey, Timmy, your mom died, sorry you have to find out this way.
Timmy: guacamole nigga penis

Pilgrim Penis 

An uncircumcised penis.
Balto shut the fuck up you mother fucking pencil tit circle toast pilgrim penis.
Pilgrim Penis by JR32 October 14, 2020

puff penis 

A painful constriction of the opening of the foreskin so that it cannot be drawn back over the tip of the penis.
Joe: "So, what'd you do to get exiled?"
Quagmire: "Ah, I slept with an underaged virgin to cure my puff penis."

penis travelogues 

a male's tales of amorous adventure
Every boot camp barracks had at least one guy with a Casanova complex who'd regale the others with his penis travelogues.

Urban Penis Tionary 

Urban Penis Tionary simply means Urban Dictionary
Gee, I hope my definition gets picked by Urban Penis Tionary!

penis lol 

A very high-ranking type of comedy, and the pinnacle of all jokes.
Comedian: "penis lol"
*crowd goes wild*
penis lol by Camwood July 20, 2016