Losing your Virtual Virginity (also known as "Double 'V'" or "V V") means to masturbate and orgasm while watching the opposite gender's sexual parts through an online video call. This applies to both female and male. Only virtually online. Not in real life.
Hey Bob have you lost your virtual virginity yet? "Yeah, last night, Susan let me jack off while watching her rub herself in a skype session online and I cummed"
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