To dream of a penis represents power, virility, and competence. You or some aspect of your personality feels capable or powerful.
To dream of losing your penis in a dream represents emotional impotence or powerlessness. You feel totally ineffective in some area of your life.
To dream of a large penis represents you or some aspect of your personality that is very powerful, capable, or competent. Positively, it may be a sign that you feel in control successful, or more powerful than others. Negatively, it may reflect problems or other people who hold greater power than you do. A problem or competing aspect of your life that is too powerful for you.
To dream of your penis bleeding represents a weakening sense of power, capability, or competence. Your abilities, leverage, or strengths may feel like they are slowly being lost. Losing respect, pride, or feeling embarrassed.
If a woman dreams of having a penis it may reflect waking life situations where she is asserting herself, making powerful decisions, or showing others that she is not easy to push around.
For women and gay men to see a penis in a dream it may reflect sexually desirous thoughts or your desire to have something you like happen. TOP