Pennylane is associated with hippies, and also The Beatles classic song "Pennylane". It was also the female character in "Almost Famous". Pennylane is not a very common name, but very cool if you have it.
by Music90 November 04, 2010
a total hippie head shop, located in Springfield, IL. on the lower floor the have a blacklight room, t-shirt type of room,poster room, and shitload of other stuff. you have to 18 or older to go upstairs, and thats for obvious reasons. Pretty much anyone who works there is a pothead and almost all the customers are too. The outside of Pennylane is painted pretty tight and so in one of the rooms (they recently remodeled it).
by heyhihello January 14, 2007