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 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!"
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."
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.