A banana plug including a body, a male portion, a female portion, and a lever. The male portion is configured to extend from the body to electrically connect with a receptacle. In one example, the receptacle is a piece of audio/video (AV) equipment. The female portion is configured to receive a wire and/or other electrical component. The lever is configured to actuate between an open position and a closed position. In the open position, the lever is configured to actuate an internal spring to receive a wire. In the closed position, the lever is configured to release the internal spring to secure and/or retain the wire via a compression force.