It is when a male is receiving oral pleasure and he pulls out and ejaculates (shoots)into the pleasers eye. The Pleaser will then grab their eye. Then the receiver will kick the pleaser in the shin, the pleaser will then grab their leg while simultaneously holding their eye ans will scream "argh!!!!" Thus the pleaser will resemble a pirate with a peg leg.
me: I was getting some dome and I gave that bitch the peg leg pirate and ran.
you:*high five" that's fucking awesome!