I would have said schlong.

4 seconds sound clip from the The Cable Guy (1996) movie soundboard.

You can hear this line at 01:10:37 in the Blu-ray version of the movie.

Quote context

[...]

- Penis.

(All laughing)

- Penis. (2)

- Penis....

- Vagina?

- Yes!

- She got vagina! She got vagina!

- I would have said schlong.

- Hey, now we're starting to get this!

- The password is nipple.

- Can I pass?

- Come on, Steven. Don't be a stick in the mud.

[...]