Penile intraepithelial neoplasia is a rare presentation in Asian males. It is usually observed as small lesions in the penis. It primarily influences the penetrative sexual intercourse ability and urination. Major risk factors associated are smoking, human papillomavirus infection, phimosis, tobacco consumption, and poor hygiene practices. Prompt diagnosis and treatment can lead to good prognostic outcomes. A 70-year-old male presented with penile swelling, weight loss, and burning micturition. The lesion on initial presentation looked malignant clinically due to the abnormal size of the lesion. This was later found to be premalignant/benign on histopathology. The lesion was timely treated saving the patient from losing organ functionality and from the terrifying effects of chemotherapy.