Twenty years later, we will never know what really happened. If it was a big deal back then, it should have been made into a big deal back then and Peyton should have been disciplined. Apparently the female involved took an out-of-court settlement which suggests to me it was "all about the Benjamins."
All I got out of it was that a female trainer was inspecting his foot and he apparently pulled his shorts down and exposed himself.
That qualifies him to be President!