Straight as a pencil

1. good; fine

2. you're not gay.

1. “How are you man?”
“I’m straight as a pencil dawg 💯”

2. “You gay asf yk that”
“Nah dawg i’m straight as a pencil tf you mean”

pencil party

when the whole class forgets their pencils and someone saves the day

Yo, it's aboutta be a pencil party

pencil beat

A term used originally by carnival workers to describe arbitrary fees or charges designed to take away money or wages a person should be entitled to keep or receive.

Person 1: "Even with the late charge, I should have my payments caught up next month."

Person 2: "You won't pay just a late charge - after they pencil beat you for administrative and other charges, you'll be paying a lot more."

or

I'd rather just clean my own uniforms, rather than have the company pencil beat me for cleaning charges on every paycheck.

pencil farter

A pencil in the butt while farter

"Shut the fuck up you pencil farter"

Pencil Gip

When you drop a pencil in class and reach down to get it, and it rolls away even further when you touch it and usually to a spot where it cannot be reached.

Martin: (drops pencil) (reaches down to grab it) "DAMMIT THAT WAS MY ONLY PENCIL!"

Joe to Dave: "Ouch! That Sucks.."

Dave to Joe: "yeah he totally just got pencil gipped."

pencil grip

when a guitarist picks with his first finger stiffened out, and the thumb usually bent at a 90 degree angle.
(great for palmuting)
(frowned upon by teachers)

He doesnt play regularly he uses pencil grip.....

Heavily Pencilled

As in, it's REALLY in the diary.
An obvious insinuation that one hopes the "meeting" may be more like a "meating".
Or lunch involving a large German sausage.

Don't worry, I have you heavily pencilled in my diary.