pencil, pencel, pensile

Pencil or pencil means a writing implement, usually made of wood or plastic, and filled with lead or graphite--
Make sure to use a pencil, so you'll be able to correct your mistakes.
My pencil point broke, and I don't have a sharpener.
Pencil may mean to write with a pencil, especially in the sense of something unfixed or temporary--
I'll pencil that in until we get the official schedule.
Pencil may also mean a set of line or rays emanating from, or converging in, a point--
The flashlight seemed to emit a pencil of distinct rays of light.

Pencel or pencel ( sometimes spelled pensil, rhymes with pencil ) means a pennant or small flag on the end of a lance--
On the end of his lance was a red pencel with a golden lion.
He carries the flag like a medieval knight, with a pencel on his lance.

Pensile or pensile ( rhymes or nearly rhymes with pencil ) means hanging, as the nests of some birds--
The oriole builds a pensile nest; it's easy to recognize.
I have been watching a bird in the yard, building a pensile nest.

Now that you know that, you can say--
"He used a red pencil to draw a lance and pencel, with a device of an oriole and its pensile nest."

Note--"penoncel" or "pennoncel" means "pencel", the small flag or pennant on the end of a lance--
He wants a knight's costume, with a pennoncel decorated with a wild boar.