Meaning

• A cylindrical wooden or metal object used to fasten or as a bearing between objects.

• Measurement between the pegs: after killing an animal hunters used the distance between a peg near the animal's nose and one near the end of its tail to measure its body length.

• A protrusion used to hang things on.

  "Hang your coat on the peg and come in."

• A support; a reason; a pretext.

  "a peg to hang a claim upon"

• A peg moved on a crib board to keep score.

• A fixed exchange rate, where a currency's value is matched to the value of another currency or measure such as gold

• A small quantity of a strong alcoholic beverage.

• A place formally allotted for fishing

• A leg or foot.

• One of the pins of a musical instrument, on which the strings are strained.

• A step; a degree.

• Short for clothes peg.

• A topic of interest, such as an ongoing event or an anniversary, around which various features can be developed.

• A stump.

• The penetration of one's (male) partner in the anus using a dildo.

  "Get your strap-on out and give me a nice peg!"

Meaning

• To fasten using a peg.

  "Let's peg the rug to the floor."

• To affix or pin.

  "I found a tack and pegged your picture to the bulletin board."

• To fix a value or price.

  "China's currency is no longer pegged to the American dollar."

• To narrow the cuff openings of a pair of pants so that the legs take on a peg shape.

• To throw.

• To indicate or ascribe an attribute to. (Assumed to originate from the use of pegs or pins as markers on a bulletin board or a list.)

  "He's been pegged as a suspect."

• To move one's pegs to indicate points scored; to score with a peg.

  "She pegged twelve points."

• To reach or exceed the maximum value on (a scale or gauge).

  "We pegged the speedometer across the flats."

• (typically in heterosexual contexts) To engage in anal sex by penetrating (one's male partner) with a dildo.

• To keep working hard at something; to peg away.