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(p.e.g. is a term commonly used in the narrative of the fifth release of the far cry franchise.)

PEG - an acronym for "Project Eden's Gate"

-a PEG refers to anyone allied w/ FC5's antagonist, a cult known as, "the project at eden's gate." the protagonist, i.e., player, aims to take down the cult (& anyone affiliated) therefore all allied communication refers to cult-affiliates as PEG or PEGGIES.
GUY: i may never have gone to war but if a peg come after my family - i'm m sure as hell gonna give them war.
a peg by idtst May 28, 2018
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Pulling a Peg 

To invite long distance relatives, loved ones or friends to stay with you for holidays, vacation, or a weekend, but back out when they arrive or cut the stay short without reason or remorse.
Mary; "How was the Christmas trip?"
Peter; "We got there and she ended up pulling a Peg. Said she changed her mind and told us to get a hotel."
Pulling a Peg by uh002zo December 18, 2012

take you down a peg or two 

To lower someone's inflated ego or self-image, to debase.
Ho: "I went to this women's rights rally the other day. It made me realize that I'm not just a piece of meat and I have feelings and I don't want to put up with this any.."
Pimp: (interrupts) "Shut up bitch!" ***SMACK!*** "That oughta take you down a peg or two."

knock him down a peg 

to bring someone down from their high horse.
hey that hot chick that steve is dating is actually a man! he talked so much shit about how hot she was...that ought to knock him down a peg!

smoke a peg 

To fellate a penis (or in slang, suck a cock)
"Go and smoke a peg, you dirty whore!!", or, "You peg smoker!!"
When used in a sentence....."Hey could u please grab me a glass of water??" (answer) "Sure, if you smoke my peg!!"
smoke a peg by Jonny Smith June 22, 2005

Have a peg

When u chuck something across the room at a million miles per fucking hour
Jonré have a peg at the science roof
Have a peg by Wobbleheadscat November 15, 2023

Camping on a Peg. 

For a woman to get on top of a man's penis while fucking.
Carole don't you like to getting on top? "I tried it once but it wasn't satisfying to me. I don't like camping on a peg."