Mostly used in the military for personal going to urinate but can not do so without another person to cover his 6.
PVT Joe:Drill Sergeant can I go to the latrine?
DS: Do you have a pee buddy?
PVT Joe: Umm, Umm, Umm
DS: (shouts out loudly) WHO WANT"S TO BE PVT JOE'S PEE BUDDY
DS: Do you have a pee buddy?
PVT Joe: Umm, Umm, Umm
DS: (shouts out loudly) WHO WANT"S TO BE PVT JOE'S PEE BUDDY
by Fran-k-bron a.K.a PaKo February 06, 2009
Person #1: Ugh, I had too much beer, I'll be back.
Person #2: Where are you going? I'm gonna go pee.
Person #1: OMG I need to pee too!
Person #2: You're my Pee Buddy!
Person #2: Where are you going? I'm gonna go pee.
Person #1: OMG I need to pee too!
Person #2: You're my Pee Buddy!
by betterthanseanatbeerpong March 12, 2013
The assigned friend who helps you in the bathroom when you are too drunk to do your business by yourself.
by twizzet February 05, 2010