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peen dip: similar to "bean dip"; the act of scooping a guys weener (penis) with your hand and yelling "peen dip!" Also see "vageen dip"
"john doe look at him his balls and weendog are showing through his shorts. i dare you to peen-dip it."

john doe: "ok...*yells* PEEN DIP!" and scoops the mans penis with his hand
by katrina244 November 12, 2013
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