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Twin Peaks denotes any type of mountain or hill consisting of two summits of very similar or roughly equivalent height.

Twin Peaks is the name of a volcanic peak on northern Vancouver Island in British Columbia, as well as the name for the North Twin Peak and South Twin Peak in the Canadian Rockies.

Twin Peaks is also the name of several different mountains in Alaska, California, Colorado, Oregon, Wyoming, Nevada, and Utah, among many others worldwide.

The term can also mean the peak of a process or an activity (such as a stock or revenue graph) at which it's at its highest, and then drops before repeating for a second time. This create a pattern similar to a twin peak mountain.

Twin peaks is also slang for female breasts or to turn up your short collar in a manner popular during the 80's.

From Dictionary.com, Wikipedia, Collins Dictionary, Mathworld and Urban Dictionary