I doubt it. Actually, I'll go further than that: I'm going to say "no, it doesn't." By the way, is the name "Cole's" or "Kohl's?" They are both common surnames and pronounced exactly the same way, and I've heard of the big chain called "Kohl's," but not "Cole's." There are so many slang words for "penis" that anything could be true, and some of them are names. The most common is "dick." Context is everything. There was in fact a regional chain of "Dick's Supermarkets" and there is a big chain called "Dick's Sporting Goods" and nobody has any problem with the name. The reason I'm going to say "no" is this: the Internet has many long lists of supposed names for "penis," and one of them is here: http://ncfm.org/2011/06/activities/san-diego/174-ways-to-call-a-penis-something-other-than-penis/ These are always ridiculously long and include dozens of names that are NOT in real use. "Cole" and "kohl" are not among them. And I am not finding it in Wentworth and Flexner's Dictionary of American Slang. One last test. This one should be definitive. What comes up in Google Images if I search for "cole" or "kohl?" Answer: no penises. "Kohl" gets us quite a lot of eye makeup, Kohl's Supermarkets, people named Kohl, and the vegetable named kohlrabi. On the other hand, "dick" gets us mostly... penises.

The word cole can be found in both Merriam-Webster and Oxford http://www.merriam-webster.com/dictionary/cole http://www.oxforddictionaries.com/definition/english/cole Definition of cole in English: noun chiefly archaic A brassica, especially cabbage, kale, or rape. It does not seem to have the same meaning as the one you found in your English-Chinese dictionary.

Lol this is rather an unusual question. The simple answer is those online Chinese-English dictionaries are wrong. Never heard of 'cole' to mean 'penis', not even in slang and if you google such a thing there are no positive results to corroborate this meaning. In fact this question comes up as the second search result. 'Cole' or 'Coles' aren't actually 'proper' words, hence they are not in English dictionaries. They are however reasonably common surnames in English-speaking countries, hence the name of the shop. It is not in any way a term for male genitalia. I am really confused how this has ended up in Chinese dictionaries because it isn't right.

Youdao and iCiba now have some new functions which they thought is a nice idea that let the netizens provide some fashion, popular, or funny explanations. I think they wanna try to attract some young people. Er... I know an engineer of Youdao, he complained about their genius Product Manager's irresponsibility. Kinda sad and embarrassed. They were once the great dictionaries...

Yes, Youdao and some other English-Chinese online dictionaries as well like “Hujiang Xiao D" ( specially in simplified Chinese), but I didn't find the same mistake in traditional Chinese dictionaries. Netizens' spoof? You mean hackers hacked into those online dictionaries? I like Collins as well, but I refer a English-English dictionary.