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penis eating fag fairy 

A PEFF (penis eating fag fairy) is a male homosexual fairy that goes from house to house stealing men's penises while they are sleeping and they eat them
Paul: DAD!!!

Dad: what?
Paul: my penis is gone

Dad: I guess a penis eating fag fairy stopped by our house last night
Paul: you think?
Dad: yep, because mine is gone too!

Penis Faggot 

A bundle of penises. They are grouped and tied together for easier sale of many penises. Found often in the paintings of Jon van Eyke and Jackson Pollack.
A:Would you like to pick up that penis faggot, Jim?
B: What? This bundle of dicks! Ok.
Penis Faggot by Mr. Pieter Bruegel December 14, 2009

penis faggot 

Someone who is just annoying, and overall useless. A synonym to: douchebag, tool, asshat etc.
Dude, Kevin is such a penis faggot.
penis faggot by Aidan P June 18, 2008

Nigger penis faggot jew 

A nigger who has a penis and likes sticking it's penis in other niggers and is also a jew

penisfaggot 

Suitable substitute for an insult of your choice. Best shouted at the top of your lungs for maximum effect. See also: penis and faggot. Makes for fun times in combination with the penis game.
A: dude, what the fuck was that for?
B: for being a beaner. PENISFAGGOT!!

or

A: penis.
B: PENIS.
A: PENIS!!
B: PENISFAGGOT!!!
etc etc.
penisfaggot by THE RECESSION April 27, 2009