To admire an attractive person in a very discreet and sometimes creepily subtle manner. Also known as the elusive hentai.
Linked to the original meaning by the awkwardness of staring and the befuddlement caused by the subject - but in this case, it is leads to frustration and arousal.
For a detailed description, check out the blog article on The Art of Undressing. {The Existential Erotica}
"I used the newspaper to disguise my peering."
"As I walked by, I peered at her boobs through my sunglasses."
"Stop peering at my friend."
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