When you pull the scrotum, with two hands, further then the end of the penis, making it look like penis (Alladin) is sitting on top of the scrotum (the magic carpet).
Running around, making whooshing sounds or screaming "Jasmine! Wanna go for a ride!?" while doing it is recommended but certainly not a must.
Jafir: Hey Jenny, would you like to ride Aladdin's magic carpet?
Jenny: Yeah... sure.
Jafir: Do you trust me?
Jenny: What? ...I guess so.
Jafir: *drops pants*
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