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A sexual organ that resembles both the penis and vagina; similar to a tranny but only royally fucked up people can have this, example below.
Lady Gaga has a Peginus.
Peginus by Zokaeius January 24, 2010
Related Words

peregination 

A word which modern dictionaries fail to include, yet appears in popular literary translations.
"These pereginations are incalculable" (Kafka, pp159 Schocken 2nd-ed.)
peregination by Able July 8, 2004
A penis that has been tainted by the leathery fluid released by the vagina during the painful process of sexual intercourse with a woman.
The only thing he has going for him is that he has a penis, of course after sex with a woman is it really ever a penis again? I’d imagine it would be a Peginus.
Peginus by Vilavek April 18, 2008
When you see a girl that is so repulsive that your dick shrinks back up into your body, thus creating a vagina where your penis normally belongs.
Jeremy: "Damn did you know that Mark is going out with Hope?"
Oliver: "Yea I know I got a Peginus when he introduced her to me!"
Peginus by chief thundercock June 13, 2011
A cross between a Pegina (Penis+Vagina) and an Anus. Sexual intercourse with such a mythical sexual organ is referred to as simultaneous double penetration. This mythical organ is believed to be the production of pheromone abuse in a combination with hemaphroditism.

They can also be considered the combination of a Vaginus (Vagina+Anus) and a penis; or a Penus (Penis+Anus) and a vagina.
Man #1: Dude, last night I had sex with a Peginus, it was the best thing ever!
Man #2: Dude, you were fucking high, those things dont exist!
Man #1: What are you talking about, I fuck one very week!
Peginus by Mischievous cockroach October 6, 2009

Perginistic 

"a pergin means a autististc cousin.", " a flat cheeked mother fircker!", "counsil of big booty Bob." Perginistic is a word with many meanings.
"Dude you're being so perginistic today!!"