A fork of Rural Dictionary
FEP = 'future earning potential'. The FEP can be a problem that a lot of ballers run into.
Friend: Yo man, the word on the street is that Becca has the hots for you. I don't even know why lol she is way out of your league!
Me: Dude she is just attracted to my FEP.
Used to describe various states of erection. SEP is an acronym for Semi-Erect Penis which indicates a slightly heightened state of arousal, NEP stands for Non-Erect Penis which is completely and utterly flacid and FEP which is Fully-Erect Penis which indicates a maximum state of arousal and erection.
Tom "What do you think of that chick, are you getting a SEP, NEP, FEP?"
Vince "She's giving me a FEP, thats what I think"
The sound oZwald makes when he's being railed from behind by a bunch of vulgartermforblackpersons
ozwald : " OH, Jamal, harder!!! *fep fep fep*"