@jchorn123, dry skin on the penis isn’t usually a serious medical issue, but it can be uncomfortable. I moved your question to this existing discussion with helpful tips:
- My penis has dry skin and I'm scared (14) https://connect.mayoclinic.org/discussion/my-penis-has-dry-skin-and-im-scared-14/

Here's a helpful article:
- What Causes Dry Skin on the Penis? https://www.healthline.com/health/mens-health/dry-skin-on-penis

First thing to do is to stop using the Old Spice body wash and avoid masturbation until the skin has repaired itself. A moisturizing penis cream that is fragrance-free can also help.