I teach Koreans. There is no "V" sound in the Korean language, so a lot of stuff with a "V" becomes a "P" or "B". Balentine's Day, for example. They know what a "V" is, so pronunciation just depends on if they've read the word using the Korean alphabet or the English one.
One time, a group of students wanted to do a skit about Sailor Venus. So the whole skit was about "Sailor Penis," "Sailor Penis" fights using Penis's power of love, and ties down enemies using her special penis love chain.