Casual way to say "penis." Not considered as vulgar as "cock," "prick," or "dick," almost cute in fact, but definitely not standard. Originally "pecker" was a Southern (USA) usage, but social
mobility and
innumerable HBO comic
roasts have broadened its range.
"I've got
Hubert's pecker in my pocket." Said by 1960s US President
Lyndon Baines Johnson of his VP Hubert Humphrey, meaning (metaphorically) that Hubert was his bitch politically.
"I'd rather cut my pecker off." Said by same LBJ when told by his physician he had to stop smoking immediately.