The act of wearing your dick like a wristwatch. Accomplished by stretching your dick over your wrist, as though it were a watch. For added effect a clock face can be drawn on your dick.
-Hey, man, you got the time?
-Hold on, lemme check
*pulls out dickwatch*
-You motherfucker.
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I caught that guy looking at my cock, he's probably a dick watcher.
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Dickwatching is any form of watching other men. Paying attention to how much money they've got, how much pussy they're getting, or generally engaging in any form of gossip.
Stuart: Damn, did you see Chad with that new girl on Thursday? I've never seen them together before..
John: Stop dickwatching.
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