A woman whoâs very feminine who likes to peg masculine men or a feminine gay man whoâs clearly a bottom but claims heâs a top.
âHey girl, I canât stay out for long tonight. Iâm pegging John tonight.â
âOkay Peggy! Heâs like 6â4 and is a gym rat and your 5â2 walking ken doll. I knew you were a Peg Princess!â