Verb - The act of rubbing yourself and thinking of hot women or ex-girlfriends during boring and drawn-out meetings.
"Wow, that meeting dragged on."
"Yeah, I know... I was thumbing the sausage for the last hour!"
Noun - Spin on traditional game of Rock, Paper, Scissors. While Paper beat rock, rock beats scissors, handjob beats my meat.
The other night, I conned this girl into a game of rock, paper, handjob. I told her, "If I win, you have to give me a handjob. If I lose, you get to beat my meat".