The act of grabbing the penis by its base and sliding your compressed fingers along the shaft to the tip to get any remaining fluids out of it. Can be performed either to clear sperm or urine from the penis. An alternative to "shaking".
Guy 1: Do you shake when you're done?
Guy 2: No man, I use the squeegee method.
...and then I used the squeegee method to get the rest of my cum onto her chest.