British, Australian (and other commonwealth or ex commonwealth countries such as India) term for a double (2 Oz. - 50ml) shot of spirits.
Customer: Give me a single malt.
Barman: Certainly, would you like a single or double peg.
Customer: Make it a double, I love a man who is generous with his peg!
Grease to allow dry sometimes sticky "pegs" to ease into their respective owners holes.
Hey honey grab that Peg lube outta the drawer, so I can get it in easier.
When you peg a mans asshole and eat him out afterwards
Man I’m boutta peg munch on your asshole tonight
When a woman blindfolds her man before pegging him, then discreetly brings in another man to do the deed in her stead.
Paul thought Becky was using the blindfold and loud music to add ambiance to their weekly pegging. What he didn't know was that Black Rodney was quietly hiding in the closet waiting for her to let him take over and deliver Paul's first Switch Pegging.
When someone "spits their dummy out", you catch the metaphorical dummy and peg them with it. Saying " you need to pick you dummy back up before I peg you with it"!
" if you spit your dummy out I'll peg you with it"
"Calm down or I'll peg you with that dummy you've spat out"
"Do you want dummy pegging"?!