Short for penis creases - the pair of visible ridges of flesh that skinny surfer types sometimes have on their lower abdomen, tapering down towards their groin.
A nice pair of peecees tend to get girls thinking about penises and going a bit weak at the knees.
Girl 1: "Did you see that dude with his board shorts low and no shirt on?"
Girl 2: "Oh yeah, he had sexy peecees!"
Both girls: *sigh*
Ruler of Lake Titicaca. Rumored to have a bunghole that gets very angry if it does not receive toilet paper. Cornholio the Great is often seen walking around with his shirt over his head and his hands in the air, chanting songs about his power, and his bunghole.
"I am Cornholio! You do not want to face the wrath of my bunghole, for I need TP!"
Butthead: Shut up, Beavis! (uh huh huh huh)
Beavis: Um, okay. (heh heh heh heh).