catpenny Share definition Flag (n) Unit of measurement. Measures awesomeness equivalent to entertainment value of throwing one penny at a cat. That slide is fun to ride on. I'd say that it is worth at least one catpenny per ride. catpenny by Taiter16 September 8, 2010 0 0 Get merch Get the catpenny mug. Buy Now — $32.95 See more merch