Nickname for a guy who likes to get fucked in the ass with a strap-on.
A: Look, it's Peggee.
B: Peggee? Who is Peggee?
A: The person my wife left me for.
B: Your wife is Bi?
A: No! After 24 years of marriage, she decided she wanted to be a Dominant. When I told her I wasn't into that, she left me for Gavin a.k.a. Peggee.
B: Ooooooh Peggee. Gotchya.
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Someone that is on the receiving end of pegging. Used to insult someone without them know exactly how you’re insulting them.
“You’re a fucking peggee, bro.”