A wank badge is a moustache, as the majority of those who have a moustache are wankers. Eg. Hitler, Stalin, Saddam Hussain, Burt Reynolds.
Dave, you look like a idiot, why did you grow that wank badge all over your top lip?
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A Blue badge wank is achieved when one goes on to a adult cam site and randomly finds an adult with a disability and engages in mutual masturbation.
Mr Ford drank half a bottle of whiskey last night and had his first blue badge experience.
Or Better known as The Blue Badge Wank