General word, most commonly used to refer to penis, or anything relating to penises or other parts of the body that produce peepee.
"She will let me put my peepeewet in the crapshot"
"Oh god I need to peepeewet, where is the peepeewet?"
"Oh god I need to peepeewet, where is the peepeewet?"
by Christopheros December 19, 2003