An expression used when a fantastic situation is at hand. It shows thankfulness, and extreme happiness.

This word should be used in excessive moderation.
Thanks for this brand new hummer Poppa Dirk! Pengers and smeagols! :)!
by satanspineclogg July 7, 2004
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the equivalent of saying, "It's all good!" It is only used in the most extreme of circumstances.
"Yea, my wife just died, my sister fell down at work, my baby was just stolen, and I totally was forced to eat someones poo today but....its all pengers and smeagols! :)"
by Derk July 7, 2004
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when something/someone is extremely peng a.k.a pp

or ppt even penger
lucy adams6ix9ine shorts and her tiktoks are pinger penger
by lucy adams October 18, 2020
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Pengers Fc is a professional tax dodging team managed by Mickey G based in Scotland
“ah the pengers at it again with another penalty

“pengers love a pen eh?”
by FENIANTEACAKE August 26, 2021
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