A peeny watt is a very small person or animal- also known as a "Panty Walk" when going laser tagging.
Melissa is such a cute little peeny watt!
A wonderful song made by Baljit Gharuan that became a friend groups inside joke and now they say peeni whenever they feel the need to.
Noun: A small mammal that lives in the male genital area, below the lice but above the bumps.
Dude: Man that itches.
Girl: What?
Dude: My peenie mole. He won't pay the rent.
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Short for peanut butter.
What do you want on your sandwich?
Peenie Beenie!