penis tits

-noun, interjection (slang)
1a. Exclamation of frustration.
-noun, object (slang)
2a. An object or event that provides supreme satisfaction.
-noun, object (slang)
3a. Nipples with a phallic shape, resembling miniature penises.

1a. "Penis tits! I forgot to send my rent check in."
2a. "I just won the lottery! That's the penis tits!"
3a. "When that girl took her shirt off, she had some serious penis tits."