Given he has shown no great enthusiasm for propping up a Labour-Greens Government, Peters may not be kidding with his increasing talk of opting for the neutrality of the cross benches, thereby - as he says - foregoing political office and power, but "keeping the system honest".
But what does sitting on the cross benches actually mean? And is it possible for a political party to be entirely neutral as any decision not to back either National or Labour inevitably helps one or other of the major parties unless both have the same number of seats in Parliament.
Does it mean abstaining on confidence and supply measures and voting on an issue-by-issue basis when it comes to determining whether Government legislation will be passed by Parliament or not? Or does it mean voting confidence and supply, but staying outside a governing arrangement?
In part, it will hinge on the numbers. For example, if the centre-left bloc won 58 seats, the centre-right bloc took 56 and New Zealand First the remaining six, Peters could not abstain if - as kingmaker - he wanted a minority National Government to continue in power.
When asked last night what "sitting on the cross benches" entailed, he said everyone knew and he had never fielded a question on the subject from the audiences at his many public meetings.
He did confirm it does not mean voting confidence and supply and holding ministerial portfolios in a governing arrangement - the stance Peters took in 2005. But it would be useful for everyone to know a little bit more than that.