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The Peens 

Short for Philippines. Only cool people say it. Invented by Jason Reyes.
Damn you're such a stupid FOB. Go back to THE PEENS.
The Peens by thejson June 26, 2008

wet the peesh 

Slang term for giving a blow job
"yo did that chick wet the peesh?!?!"
wet the peesh by JJFamz December 3, 2007

The Peers 

When someone has the "King Duce Offsuit" or "King Two of non-similar suit" in poker and continues with a big overbet preflop
"Fuck man, does he have The Peers again"

swing the peeps 

Aye Moe, swing the peeps. No homo tho

sometimes the banana peels itself 

saying used to describe that somethings just happen for a reason and are outside of ones control
My grandma is getting too old to care for now. We are going to have to put her in a home soon, but man sometimes the banana peels itself.