One-Eyed Snake Salute

The one-eyed snake solute is a respectful gesture, mainly accomplished by people with a penis, where the penis is shown for a period of time.
This term bears resemblance to the Internet meme "Dicks out for Harambe"

Joel: "Hey Bobby-o, how'd you do on that test?"
Bobby: "I got a C dude, my best grade yet!"
Joel: "Fuck man; that deserves a one-eyed snake salute!"