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When two people try to get each other off, and the first one to get off says, "That was the way it was."
Hannity & Colmes were caught in a closet giving each other Sloppy Cronkites.
To wipe your pre-cum on the upper lip of your partner before he/she blows you, giving him/her a Walter Cronkite-like moustache.
By the way, I actually believe the last time that Doocy used the phrase "this is huge" is when he and Hannity were caught in the broom closet at the Christmas party giving each other a sloppy Cronkite. What? You never had a sloppy Cronkite?!
First used on the Daily show with Jon Stewart.
When two people try to get each other off, and the first one to finish says "And thats the way it was".
I'm sure you can think of a way to use it!
Sloppy Cronkite!