1. A person who sucks cock like magic
2. A person who casts spells with their cock, generally in a role-playing situation.
3. A general descriptor for something sick as fuck; wicked, radical.
1. Deeaaam, girl, you a cockwizard. (With large emphasis on the wizard portion)
2. Husband: <Wielding his cock like a wand just prior to ejaculation> Expecto patromum!
Wife: Oh honey, you're such a cockwizard!
3. Jimmy: Did you hear that new regina spektor song?
Bobby: Fuck yeah! Cockwizard, dude!