1) A masterbation which is performed under circumstances of extreme sadness, to such an extent that the masterbater cries.
2) A masterbation which is had because the masterbater is so sad that a wank is the only way to cheer him up.
1) Chaz's wank was so upsetting that it became a wanky cry, and brought tears to all three eyes.
2) So upset at having just been bummed by Cuddles, Dave Walker had a wanky cry to ease the pain.
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