mutual admiration society, patting each other on the back, a group of mainly men talking about how good they are, reference to a group of gay men giving each other pleasure (reacharound), we are all so great
DjWheat: -Hey EGInControl! What a great caster you are!
EGInControl: -Yeh well your not so bad either AND you got a hot wife!
DjWheat: All of us oldgard e-sport guys have hot wife's....
...Except Slasher... Fuck Slasher...
EGInControl: Noop, let's stop the circlejerk and get on with the podcast.
Sometimes used to describe an internet forum thread where forum members all give each other kudos (Or rep where a rep system is present) for some non-event that has occurred.
An act where several individuals (usually male) masturbate in a circle (hence, circle jerk). This group activity was first practiced and invented in Australia.