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But what the fuck is it a picture of? Some deformed trannie infant?

Seriously, what the fuck is that thing?



That is a bifurcated penis, apparently erect and ejaculating. One of the more extreme versions of "body modification" that some folks do to themselves. Very icky to most people, but not without its proponents. Check the Body Modification E-zine for other examples.
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Waist not, want not...