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1.
An adjective used to describe a penis that's not too big, not too small, but just right.
For men: "I always worried girls thought I was small, but last night Sarah told me I had a Goldicock so I feel much better."

For women: "Telling guys with small dicks they have Goldicocks is way easier than having to deal with their insecurities."
de blinkeythefish 27 avril 2010
 
2.
A gay guy that always complains about his tricks cocks, some are too big, some are too small, some are too curved, etc. Goldicocks is always looking for the perfect cock.
Mario is always complaining his partners cocks are never exactly what he wants. He is such a Goldicocks!
de The Great White Latin Hunter 27 février 2012