Phrase made popular by internet celebrity 'Dapper Laughs' in his Snapchat stories. Doesn't really mean anything, but is a phrase to express joy at a large number of ladies who are about to get moisturised.

Street translation of, 'What's going on?' and a collective expression of disapproval

When a roadman (preferably over lvl 203) says you have got some nice or “peng” shoes or “creps”