an expression used to euphemistically describe sexual activity-- of any sort

when a guy says it to a girl, it's meant to sound cute, sweet and boyishly charming--and when he uses the term in front of his guy friends it means he really likes the gal he's discussing and won't even use crass talk about sex with her

girls don't use the term with each other except jokingly, as if were so stuuupid to say that, but whatever, it's cute, and they know if a guy's using it he's at least trying to be suave
"hey c'mon Tymara, can't we pleese just go an pet the pony fos a leetle while? pleese? the pony been alone today, he miss you sooooo bad..."

"Yeah bro, we ates sum her mama's kickin chickin, an den we wenna her room to pet the pony, youz knows how it be... s'all good wit Janilla, yeaah, uh-uh. Got you a five spot on ya? I needs smokes and a Dew hella bad, man."
by galcoolest March 18, 2005
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Instead of drinking the day after a bender, getting back on the horse and drinking again to avoid a hangover, you choose to be a child and complain about a headache.
Jodi: Dude, look at Marko, why is he not getting back on the horse with us?

Travis: I guess he really likes to be petting the pony.
by Chelle-Belle June 1, 2017
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