Pun. Combination of "happiness" and "penis" to get the meaning happiness found in (having) penis...happiness for heterosexual women or homosexual men
Girl: Don't we all want hapenis?
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A female orgasm, or excitinf forplay.
He's forplay was bad: breastfeedingly annoying, then he wonders why I never get hapenis.
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The name of a bright, energetic child, bringing a happy future. Could also mean half of a penis, but we don't talk about that
"Hey! His/their/her name is Hapenis, right?"
"Yeah, people mistake it for happiness. sucks to be them."