1) Decayed vegetable matter found in bogs and often used for fertilizer.
2) Sports lingo for repeat. Typically used with a numeric suffix (e.g. 3-peat, 5-peat) to indicate consecutive seasons said team wins championship game. Invariably when fans predict an (N+1)-peat, the former definition turns out to be more appropriate.
Those Patriots are a Dynasty. Next season they're gonna make it a 3-peat!
by Bossk February 10, 2005
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Peat: a fashionable, and sexually capable boi. Whos words confirm his actions. confident his sexuallity and enjoys the company of friends and alcohol
John says: come on peat 'ury up.
by likeyeah... September 02, 2007
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The act of pooping while eating. Pooping + Eating = Peating.
Dude, my girlfriend walked in on me peating. I asked her to give me a blumpkin and she went for it.
by Enlie10 August 19, 2011
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A successful undertaking; a successful occurrence of event. Usually used when referring multiple occurrences.

When referring to multiple favorable events a number usually precedes; eg. 3-Peat.
The veteran astronaut three-peated a landing on the moon.

The jav's 1-peat surpassed that of Afroman, or Survivor's "Eye of the Tiger."

My greatest peat was finally landing the difficult jump.

Dwyane Wade and Lebron James think they will eight-peat the NBA Championship.
by 7SmokingPistolz March 28, 2011
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Peat, a verb: when you need to pee and eat
We will at the concert soon, first we have to peat, then we will be on our way!
by borderstate August 20, 2011
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A term used in Canada for people who play rugby. Specifically, it refers to the especially fat players who can't run and constantly fall in the mud (hence 'peat').
Man, that fat cunt Steve is a Peat!
by Wilba H Peat March 07, 2008
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