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1.
a drink favored by old men.

Females and small children

Warning may contain NUTS
That old bastard wants a peniscalada

A drink that is made in a man's pants. for women or oldmen .Those sick bastrads.
de Nickyvandal 4 juillet 2008
 
2.
A mixture between cum and vodka. Similar to pinacalada.
My friend and I got a guy to cum into a cup and we mixed it with vodka. Very TASTY!! we love peniscalada!
de M.D.H 28 juin 2008