The word Jizzbang means to Masturbate or wank, or it could also mean any of the following:
Bashing the candle, Bleeding the weasel, bleedin the weed, buffing the banana, bopping the baloney, burping the worm, choking the chicken, cleaning your rifle, corking the bat, cranking the shank, cuffing the carrot, fisting your mister, flogging your dog, floggin the frog, flogging the hog, flogging the log, flute solo, jerkin'the gherkin, looping the mule, manual override, painting the pickle, pocket pinball, pocket pool, polishing the banister, polishing the rocket, pounding your flounder, pumping the python, roping the pony, spanking the monkey, teasing the weasel, tossing the turkey, walking the dog, whipping the willy, wonking your cronker, yanking the crank.
The word comes from two sections, Jizz and Bang. The first section Jizz is short for Jizzum which is another word for males sperm. And the second word, Bang means Explosion, which is when the male drops his load all over the chicks chest giving her a peral necklace.
It can also be used as an insult, as in calling someone a jizzbanger.
Dude! Last night I had the biggest Jizzbang, i filled up the whole sock!
Oh man, last night my wife gave me this Jizzbang and it shot her in the eye!
You fuckin' Jizzbanger
Don't you fuckin' Jizzbang near me!?!?!11