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peniswag 

Its etymology is widely disputed but latest research has proven that it was first used by a certain boy in the german town "Rheine" who randomly rearranged the letters on his keyboard during a horrendously boring english lesson and here by accidentally discovered it. It is a fusion of the words "penis" and "swag."

Combined, these words have no meaning but what one might try to convey through the sentence and it's verbal delivery. It can be used as a verb, a noun, an adjective and an adverb.
Dude, that was totally Peniswag!

Here Peniswag takes the meaning of the word gnarly.

His Peniswagging days were over for good.
Here its meaning is generally undefined.

Your Peniswag is totally fucked up.
Here Peniswag could mean anything from chi to karma to health.
peniswag by Lockhart of Sharpton November 3, 2013

Penisage 

When a man massages the inside of a woman's vagina with the outside of his penis.
Hey baby! I'd love to give you a penisage.
Penisage by lkdzzbls September 10, 2010

penisvagina 

used when you have nothing else to say. used to confuse others and to get off the topic you wish not to talk about. A confuser.
Shanante: Demad! why the freak was you all up in chanequa's grill like that!
Demad: huh? oh, penisvagina
Shanate: ........ok
penisvagina by O'MASTER FLEX December 21, 2004

penisvagina 

substitution for any swear words
*ashlyn drops book on floor*
ashlyn: penisvagina !!

penisagina 

a female version of the male pleasure organ commonly known as the penis, the penisagina is what we refer to as the clitoris.....like the penis, the penisagina also erects during arousal and is the one and only exterior portion of the female genitalia that is capable of producing orgasm upon stimulation

i.e. rub that penisagina!!!
penisagina by Jenny and Yelena April 13, 2007
A chode so small that it looks like a vagina, note an exceptionally large urethra adds to the effect.
Penivag by qwertygui March 20, 2009