The name commonly referring to a small penis; Malteser being the name of a popular confectionery brand in the UK in the form of small chocolate balls.
"Wow, did you see the size of that guys cock?"
"Yeah, I know! It was about the size of a Pink Malteser!"
"Yeah, I know! It was about the size of a Pink Malteser!"
by Phantasium August 31, 2012
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