Green’s Dictionary of Slang

fescue n.

[SE fescue, ‘a small stick, pin, etc. used for pointing out the letters to children learning to read; a pointer’ (OED)]

the penis.

[UK]Fletcher Two Noble Kinsmen II ii: Do but put / A feskue in her fist, and you shall see her / Take a new lesson out, and be a good wench.
[UK]J. Johnson Academy of Love 99: The young sparkish Girles would read in Shakespeare day and night, so that they would open the Booke or Tome, and the men with a Fescue in their hands should point to the Verse.
[UK] ‘Will the Merry Weaver’ in Pepys Ballads (1987) III 132: I gave her a Fescue in her hand, And bid her use it her command. She said you best know where it should be, Come put it to my A.B.C.
[UK]J. Dunton Athenianism II 263: [A] night walker ... half eat with the pox [...] too abominable to be touch’d with any thing but a Pair of Tongs, or a Fescue.
[UK]Cleland Memoirs of a Woman of Pleasure (1985) 73: I guided gently with my hand, this furious fescue, to where my young novice was now to be taught his first lesson of pleasure.