What is peg names?

Peg names are a type of nickname or alternative name given to an individual based on certain characteristics or traits that they possess. These names are often used to convey a certain message or meaning about the individual, or to distinguish them from others with similar names. They may also be used as terms of endearment or affection among friends and family members. Peg names can be based on a wide variety of attributes such as physical characteristics, personality traits, talents or hobbies, and cultural or family traditions. Some examples of common peg names include names like "Red" for someone with red hair, "Buddy" for a close friend, or "Junior" to distinguish between a father and son with the same name.