A sexual act where two men rub their penises together until one of them ejaculates. The said ejaculator is then called a fag.
If one does not wish to participate, he is then automatically called a fag because it is assumed he will ejaculate first.
This originally appeared in Los Angeles in Oct 2009.
Guy 1: Hey dude, Yorktown shake and bake you for the last beer.
Guy 2: You're on bro!
Guy 2: Damn it I lost!
Guy 1: Lolz fag! (takes beer)
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