It's an adjective for something that's bad. It could be easily subbed in a sentence for bad or shit, but it's a much cooler way of saying it.
Andy: " Yo Josh, how did your exams go?
Josh: " They went really bad, not gonna lie"
Andy: " Shit bro, that's pretty penis in the sack"
Nic: "weather is a bit penis in the sack today"
A term used to describe a godly figure and an acsended being
Person1: "Hey Greg, wanna go watch a mov...."
Person2: "Don't speak to me mortal I have become penis ball sack
An extra flap of skin hanging off of the penis possibly containing puss.
Scott has a penis-sack.
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Where a whole bunch of dudes get a paper bag and put their dicks in the bag while jacking off.
"Hey bros! We should stop playing gamecube and do a penis sack."
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