Brolute

Verb.
The action of clutching hand into fist and making a salute gesture.
Usually done as a symbol of respect for a fellow bro.

Hey John, I "brolute" to you for not hooking up with that wasted chick last night!

Q: Hey man, how are you feeling?
F: Like I want to get drunk! Let's drink!
Q: I'll "brolute" to that!