A small penis, Suggesting its small enough that the unlucky person to own it requires tweezers to masturbate.
Origin: Mid-NY
Chick:WTF! Why didn't you tell me you had a tweezer squeezer?!
Unlucky Guy:I thought it wouldn't matter! *panics*
"yo you see that lone guy over there?"
"yah"
"His chick denied him of sex as soon as she found out he had a tweezer squeezer"