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A word used when buying a dollar's worth of weed, similar to that of a nickel bag or dime bag. The

amount will most often be 1/20 of a gram and will be extremely annoying to the dealer who has to weigh it out.
Phil: Yo Ferg, you think I can hold that penny bag?
Ferg: Wtf Phil I don't want your dollar just buy a normal amount
by Strump Fluggit February 16, 2015
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