Peeps is most commonly short for "people."
Though It can also mean a marshmallow candy made in the US by the Just Born company - they were originally made in the shapes of little chicks, but are now made in almost any shape you can imagine.
Peeps can also be the plural for the word peep - here's what the dictionary has to say about that:
- peep - look furtively; "He peeped at the woman through the window"
- peep - make high-pitched sounds; "the birds were chirping in the bushes"
- peep - speak in a hesitant and high-pitched tone of voice
- peep - cheep: the short weak cry of a young bird
- peep - appear as though from hiding; "the new moon peeped through the tree tops"
- peep - peek: a secret look
a peep could be your m8 or som1 who hangs wif u