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A penis, especially a small or disgusting one. Used to describe a person, similar to dick. However, whereas dick is used to describe a rude or unpleasant person, a speg is a particularly gross or unlikeable person. A speg is clumsy, worthless, slow, ugly, or out of touch.
Chatroulette is full of dudes who think waving their speg around in front of the camera will get girls to show them their tits.

This team is a pack of spegs, no wonder we aren't winning.

Who let that speg in here?
Speg by Skrookum July 21, 2015
Related Words
spegl speel speg Špela spegg Siegler Spegunky spelch Speagle Speeling
Another name for the penis. Can also be used to as a codename for pornography without others knowing the true meaning of spege.

Also, condoms can be referred to as spege-hats.

Pronounced Spedge, rhymes with sledge.
Penis Form:
Jimmy: IMA POKE YOU WIT MY SPEGE
Abi: NOOOOOOOO ok go on

Porn Form:
Gooch: Jimmy, I got some spege on my phone!
Jimmy: No thats not cool gooch....
Gooch's Dad: You know I read urban dictionary too, Gooch...
Spege by The jimbonator June 22, 2009

yeetle spegeetle 

There was a food fight at school so I pulled a yeetle Spegeetle on my friend
Students at the School for Ethics and Global Leadership in Washington D.C. They live together in D.C., talk to powerful people, take classes, and have super awesome conversations. They are all one-of-a-kind. A typical seglette is ambitious, thoughtful, attractive, and intelligent.
Wow, look at that intimidating group of hot nerds in suits. They must be seglettes! God, I wish I was one of them...

I saw one of the seglettes at the event she organized for her organization. She is so put together!
Seglettes by CONSNE132 January 24, 2011
Nice, friendly, funny, sweet, caring and gentle type of a girl. Every girl wants to be her. Every guy want to date her.
He will never introduce me to his parents. I'm no Spela.
spela by salabajs February 8, 2014
When Evan walked into the room, you could already here him hissing from the hall way as he said: "sssssssssssSSS-PEGA." He must have been excited about something because he said spega.
spega by zini117 February 28, 2014