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1.
A small, wool knitted beanie, that you place upon your penis head to keep warm in the cold winter nights.
ex. 1 The tip of my weenie was cold last night. So I placed my Peanie upon my penis head, to keep it warm.

ex. 2 My Peanie is stylish and matches my scrote.
door JoshStamper 8 december 2010
 
2.
Peanut butter cookies
Guy 1: Oh my god, I love peanies so much!!

Guy 2: Wtf is a peanie?

Guy 1: A peanut butter cookie, duh.

Guy 2: Oh..sweet, I want one.
door I love peanies 16 augustus 2011