Wood is a term for a material, but is now in the 21st century, usually referred to, as an erection. Apparently it seems much more 'cool', if you meant ion Wood. For example:
"Hey dude...I swear, I've got wood right now!"
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A Sausage fest is the act or situation where a group of males over the age of 18 socialise on a night out without any females.
"Jeez, last night was terrible. We had a sausage fest."
A wank...I'm sure you've done it before without even noticing. Wanking is another word for Masturbation.
"Hey, did you see Bill the other day? He was wanking in public!"
The act of where a male happens to slip up on another males semen, before falling head-first into the others asshole.
Me and Steven had a Milk-Slip last night. It was embarrassing.