A less "offensive" version of the word "cuntboy". Refers to a female to male transsexual (ftm), who has chosen to keep his original genitalia and presents himself in a boyish manner.
Some consider them to be sexy in an incredibly exotic and unique way.
Peter: Hey Jack, remember that guy I went home with last night?
Jack: Yeah, that cute short one?
Peter: Turns out; he's a pussyboy.
Jack: You lucky bitch!
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