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penultimate 

Literally means "next to last". In street speak it takes on the meaning "second to none" or simply used to describe something utterly appeasing. It is easy to get away with using this word because of it's confusion with "ultimate" by those who don't know any better.
Yiee yiee, this be da penultimate shiee here.
penultimate by Patrick January 6, 2004
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Penultimate 

(adj.) Last but one in a series of things, second to last
"The penultimate chapter of the book"
Penultimate by anonymous September 15, 2020

penultimate 

While usually meaning the second to last, it has also been used to mean the absolute best, or most ultimate.
Lord of the Rings is the penultimate fantasy series.

''V is the most important letter in love, it's like penultimate.''
penultimate by Danth0ny April 13, 2014

penultimate 

last but one in a series of things; second last. Overkill
In the audio transcription of the mission Urban Spree you'll notice that it uses this word. Urban Spree is the penultimate post that I will make today.
penultimate by AlsoTwenty2 February 5, 2022

penultimate 

It’s already the penultimate week of school.
penultimate by bluestinger66 September 15, 2022

penultimate Penn ultimate ultimate Penn pen

The next to last ultimate pen used for keeping score in ultimate frisbee; decorated with pictures of Sean Penn; purchased at the University of Pennsylvania.
Because that would be your penultimate Penn ultimate ultimate Penn pen.

penultimate club

Every good college has frats and sororities, but only Harvard has snotty final clubs. Final clubs are frats you can't rush, and made entirely of millionaires. Penultimate clubs are a grass-roots Harvard reaction. Lets bring the party and the booze back to the masses!
The Enhydra club, a penultimate club in Eliot house is taking applicants; no rich final club assholes need apply.
More from Urban Dictionary

square grouper

Nickname given to bales of marijuana thrown overboard or out of airplanes. Origin is reportedly from members of the US Coast Guard in the area of Southern Florida.
"Base we've got some square groupers floating outside of Miami harbor."
square grouper by slipsheet November 6, 2004
Word of the Day on October 7, 2026
A girl who does ballet and only talks about ballet. Her schedule is filled with dance classes which does not allow her to do any other activity.
"Hey, do you know that girl Sally?"

"Yeah, she's kind of annoying. All she ever talks about it ballet."

"Wow, what a Bunhead."

"Hey Sally, you want to hang out this weekend?"
"I can't, I have dance."
"You're such a Bunhead."

"Yeah... I know."
Bunhead by Jen00 October 24, 2014
Word of the Day on October 6, 2026
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