One of the very imaginative ways of designating semen.
Although several older examples can be found on the internet in chat-rooms or forums, it's become more popular since an amusing picture of a defective neon sign was posted on several satirical websites.
The original neon sign read "Babcock Frozen Yogurt". Due to defective neons, it reads "Cock Yogurt" in a very clear, lit-up and hilarious manner.
"Kathy's a dear, but I think she's got an addiction. After her first serving, she kept yanking the dispenser for more cock yogurt."
"Don't you love to take a nice little asshole and fill it with cock yogurt?"
"Can't have real Boston pancakes without cock yogurt to top it off!"
"Rebbecca chocked on Steve's cock yogurt last night"
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sperm; the liquid secreted by the male reproductive organs. Otherwise know as semen or jizz.
Peter:"So before I was done, I asked her if she was hungry, she siad yes so I gave her a mouth full of my cock yogurt.
Ben: "nice one dude"
"So the other night I pulled out on my wife and sent my cock yogurt all over her face."