The word "pegging" can have various connotations, both positive and negative. It can refer to a particular type of sexual activity, or it can mean assigning a particular value or target to something. Some synonyms for pegging include setting, fixing, specifying, designating, assigning, and earmarking. Each of these words carries its own distinct connotations and nuances, but all can be used to indicate the act of establishing or indicating a specific target or goal. In a sexual context, other synonyms might include strap-on sex, anal play, or power exchange activities. Ultimately, the meaning of the term depends on the context in which it is used, and the specific connotations and associations that accompany it.