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Weiner Bandit 

A fabled creature much like the Tooth Fairy, Boogie Man, or The Trix Rabbit. That Comes in the night if you are not prepared and will steal ones' "Weiner". Leaving the victim "Weinerless"

What you can do; sleep with your pants on or hold your junk all night. (This is where the saying "wakie wakie, hands off snakie" came from.)

It is possible to catch this bandit, it is said that he will give you one of three possible prizes; $23(American), a walk-man, or a cassette player. which makes you wonder why you would want to catch his cheap ass anyway.
A Masked Assailant that steals guys junk
Known as: The Weiner Bandit.
Weiner Bandit by BigbubbaD March 5, 2012

Weiner bandit  

"ya woke up and ya weiner was gone " you just got hit by the weiner bandit
Weiner bandit by tha J W January 27, 2009

Wiener Bandit 

Yo dude, that chick at the party last night was such a wiener bandit.
Wiener Bandit by Valenar December 11, 2009