1) A presumably advanced sexual technique refined by latter-day philosophers Bell Biv DeVoe (q.v.).
2) Also used as a taunt during competitions after a display of significant success.
1) "Move to the Jacuzzi, ooo, that booty
Smack it up, flip it, rub it down, oh no!"
~Bell Biv DeVoe
2) Player One: "I can't believe you just ran that 83 yards for a TD! WTF
Player Two spikes ball
: "Smack it up, flip it, rub it down, OH NO!"