Fauxlatio

(n) near oral stimulation of the penis. The act in which one shows all the signs of giving a blow job but stops short of making mouth penis contact.

Example 1

"Marsha, did you blow that guy?"
"I was an inch away from his cock, but changed my mind... I just fauxlatioed him."

Example 2:

"Dude, I spent $250 on the date and she just sniffed around the junk before she called it a night,

"Bro, that sucks.... you got fauxlatio"