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penultimatum 

a penultimate ultimatum or the act of threatening to give an ultimatum
actually he said 'watch it! don't make me give you an ultimatum!' so it was more of a penultimatum
penultimatum by trybol phears July 28, 2010

penultimate 

Literally means "next to last". In street speak it takes on the meaning "second to none" or simply used to describe something utterly appeasing. It is easy to get away with using this word because of it's confusion with "ultimate" by those who don't know any better.
Yiee yiee, this be da penultimate shiee here.
penultimate by Patrick January 6, 2004

penultimate Penn ultimate ultimate Penn pen

The next to last ultimate pen used for keeping score in ultimate frisbee; decorated with pictures of Sean Penn; purchased at the University of Pennsylvania.
Because that would be your penultimate Penn ultimate ultimate Penn pen.

penultiminute 

The minute before the last minute. It could be interpreted as 11:59PM, or the minute before the last minute of the world.
My mac&cheese is in its penultiminute of cooking! I can hardly wait two minutes!!!
penultiminute by Mistar...Shake? January 7, 2010

Penultimate 

(adj.) Last but one in a series of things, second to last
"The penultimate chapter of the book"
Penultimate by anonymous September 15, 2020

penultimate 

While usually meaning the second to last, it has also been used to mean the absolute best, or most ultimate.
Lord of the Rings is the penultimate fantasy series.

''V is the most important letter in love, it's like penultimate.''
penultimate by Danth0ny April 13, 2014