Def.1: Used in response to one is who over expressive and needs to be brought back to baseline. Akin to having a massive boner in public when totally inappropriate - one should tape that boner against their waist or belly (depending on length).
"Dude, grab some dick tape and calm the fuck down."
Def.2 : Similarly to definition 1, When a woman is over zealous, she must tape a dildo on and achieve orgasm to calm down. "Grab some dick tape, strap it in, and take a step back, girlfriend."
A small piece of information. Derived from the word ken, used often in the scottish language and is synonymous with knowledge.
Person 1: "Hey I don't get this shit. How do you solve this problem?"
Person 2: "I got that one. Give me some kenlets on this assignment and I'll help you w/ that one."