Cockaboo

To surprise the opposite sex by revealing one's penis in a perfectly normal social setting

Girl: "We entered the elevator and he randomly whipped out his cock for no apparent reason. I really got cockabooed!"

Man walks by a random girl in the mall, whips out his cock and shouts "COCKABOO! I SEE YOU"

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cockaboos

mens or boys underwear with a faulty crotch opening or stretched out leg holes that may expose the wearers penis.

Man just out of shower to wife half asleep in bed "Honey, look at these new underwear!" Wife waking to the sight of her husband's penis peeking out his undies at her "Those are "cockaboos", dear."