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lipstick dick 

An uncircumcised cock. So named because the penis can be retracted back into the foreskin much like lipstick being retracted into the tube. Can also refer to a dick that has lipstick stain on it.
I read once that Elvis was ashamed of his lipstick dick.
lipstick dick by wolfbait51 May 9, 2011

lipstick-dick 

A lipstick-Dick is a she male, or a cuckold or wimpy husband whose dick is either to small, or just for show, (to use to pee with).
Hey, did you see Bills little lipstick-dick? he he, No wonder his wife cuckolds him.
lipstick-dick by oralb69 August 21, 2008