Answer:
It depends on what you are talking about because there are several meanings.
1. The Nose Peg is a member's only piece of Slayer equipment used in the Slayer skill.
2. Nose Peg cartoons.
3. There are Camel Nose pegs. Where they put a peg through a Camel's nose. which are used to control the camel
(Poor Camels)
4. A Japenese beauty product
5. A nose peg is used in music for musicians that play a woodwind instrument