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Penisbutt 

A game enjoyed by many pole-fancies. Most popular from 1900-1920. The exact rules remain a mystery. It is believed to be very similar to Dandyballs and Legs-a-spread.
Oh sonny those were crazy times! My friends and I played dandyballs and legs-a-spread and Penisbutt!
Penisbutt by toethumb July 14, 2010

Penishut 

When a group of male friends all go into a pizza hut together.
Dude this is a freaken Penishut. Also see sausagefest
Penishut by sterwer June 23, 2010

butt penis nut hole

The most powerful insult of all time. It should only be used in the most serious cases.

butt - The part at the back of the body in which fecal matter, or rather, shit, comes out of.
penis - A male sex organ, the phallic member
nut - WANK
hole - an opening

The word was invented when a wee lad at the young age of 6 required a grand insult. One that would shrine above all others.
Henry: Fuck you, wanker!
Robin: You're a butt penis nut hole!
Henry: oh shit, I can't beat that

Penisbutter 

1. Lube or lubricant

2. Jizz, semen, sperm,
1. Hey man can u get me some penisbutter, me & Sarah are gonna get it on!( ͡° ͜ʖ ͡°)
2. OH YEAH Gimme that Penisbutter!!! OOH( ͡° ͜ʖ ͡°)
Penisbutter by Fucking.Duck May 30, 2015

penisbutt 

Generic insult. Doesn't usually mean anything sexual, regardless of the name.
Popular in grade-schools.
You told on us? You penisbutt.
penisbutt by bucketmouse September 11, 2003
When a penis is so small, its not a penIS, its a penISN'T.
Girl: Alright, unzip your pants, we're going to do this.
Guy: ..Okay.. *unzips*
Girl: ... HAHAHAHAHAHA THATS NOT A PENIS.. THATS A PENISNT
Guy: *ruined for life* :*(
penisnt by TehNait October 16, 2006