Small penile size is worrying for most men and leads to poor self-esteem, anxiety, and depression. A penis can be enlarged in two ways: by increasing the length and by increasing the circumference. The purpose of this article is to present a new procedure of augmentation phalloplasty thst combines these two parts in the same operation with a new technique to fill in the dead space created by the suspensory ligament division. The lengthening of the penis is achieved with an inverted V-Y plasty followed by a division of the suspensory ligament of the penis all the way down the pubic symphysis. Two distally based fat flaps are advanced into this area to fill in the dead space. The widening of the circumference is performed with fat injections. The penile length gain postoperatively is 2 to 4 cm in the flaccid state, and the widening component with the fat grafting technique gives an approximate circumference increase of 1 cm with excellent natural results. Sexual self-esteem and functioning improvement was reported by the patients, 75 in total. Three patients returned after the operation for revision of fat injections 6 to 12 months after the operation. The literature regarding the long-term results after augmentation phalloplasty is poor, and it is difficult to compare results with other techniques. Penile enlargement, when performed for the appropriate reasons, can have a positive effect on the lives of many men. After 15 years of experience, this procedure gives very pleasing results with minimal complications.