Don't panic! Go to the doctor, they can freeze your penis and
cut it. After about a couple weeks you will be as good as new.
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Panic! at the Disco
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This is called Hematospermia. Hematospermia is the presence of
blood in the seminal fluid. This can occur in a man of any age. It
is not uncommon. It is a sign of problems, but don't panic. Talk to
your doctor about it.