This is when you are on top of some broad and you feel a bloody nose coming on (we all know the feeling). When you pull away for a second, you notice that you have, in fact, bled on her face. In the heat of the moment, you lick your thumb and wipe it off, telling her to shut the fuck up if she asks what it is you are doing.
yoo i gave that girl the worst schify shortcake last night.
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It's another way of signaling to your roommate that you want to whack off and for them to leave the room without actually having to explain it.
Yoo, I want to shwank'n pank, ya dig?
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