As incorporated in the Seinfeld episode "The Barber", the Penske File is the project George is given to work on in a job he may or may not have. Unsure as to whether he has the job, he is equally unsure as to what work he has to do on this file.

Thus, to refer to something as the "Penske File" denotes being given a task, not knowing what to do with it, but going along with it as if you do. This can consequently result in a lot of 'doing nothing', while looking like you are working hard.

Quote from Seinfeld: "Yes, yes of course. The Penske file. Ho ho, can't wait to sink my teeth into that. Wow that Penske. Well we'll straighten him out."

Starting a new job: "Well they told me what kind of work I'll be doing.. Didn't really understand them though... Guess I'll be working on the Penske File"

Penske File by Troy of Hobart July 25, 2011

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penske file

Imaginary/nonexistent project, used as a cover for goofing off at work; derived from an episode of Seinfeld.

"Yeah, I'm really busy working on that Penske file."

penske file by gregg schultz March 12, 2004

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Penske'd

Getting blown by a girl u just met in a penske truck parking lot

Bro I just got penske'd!

Penske'd by Dong Juan February 12, 2010

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Penske Time

In times of hardship for the laborers at K-mart store #7120, they retreat to the far reaches of the store, to a lovely abandoned auto center-turned-stockroom informally called Penske (after the company that formerly ran it). In this room many lulz and epic wins occur, along with wholesome activities such as slacking, graffiti-ing the windows, and hiding behind box mountains. It has quickly become a symbol of everything that is good in the world of retail Hell.

#30: "Man, I need a fuckin' break."
#29: "I think it's PENSKE TIME!"
#32: "Hey guys, we crackin' open the Penske soon?"

Penske Time by Jim Kurta January 3, 2008

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