A pubic wig is a Merkin as opposed to the other defintion which appears to be a spelling mistake.
Merkins are worn on stage for nude scenes and have a very long history, being mentioned in the OED in the 17th Century
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A beard or goatee, especially one grown by a high school age male.
"Dude, what's with the pubic chin wig?"
"I'm trying to look 21 so I can get into the hot new club."
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