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.
another term for a station wagon, mini-van, or any other kind of vehicle that is targeted at the "family" demographic(also M.A.V.)
"Tactical advantages aside, the M.A.V. is top of the line for the holy warrior troop transport manufactured by the Church of Latter Day Saints Military Industrial Complex. Also great for family trips...to heathen lands."