The act of freezing ones foreskin to the point it snaps and cracks when one gets an erection.
"Don't pick a fight with me, or I'll Canadian Masturbate all over you!"
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Masturbation but Canadian, much like Balkan rage.
Guy 1: "Yo Eric just did Canadian Masturbation!!!"
Guy 2: "Oh yeah, he's from Saskatoon, Saskatchewan, right?"
Guy 3: "That's why its Canadian masturbation and not normal masturbation!"