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Lobulating 

The act of fondling or touching the same sexes Fat Rolls, Jelly Rolls, Lobes, "Love Handles", Moobs, or other parts of the same sex's neck to waist area specifically a male. It has been use as a sign of sexual confusion (IE: Homo-sexual, Metro-sexual, Bi-sexual)
Sitting in a desk, and a man behind you has his hands rubbing your fat rolls or lobes, due to the fact that they are hanging over the desk and it makes you laugh or giggle. It has been known to make everyone in the room feel awkward.

This is known as Lobulating
Lobulating by Dr.Suess1028 January 27, 2010
Related Words

Blobulating 

When you spaz out and look like a fat slob.

Moving your head in a side to side motion fast and repeatedly, while sticking out your tongue and making Squirtle noises.
Gabby and Chloe were blobulating on the floor because they had nothing to do.
Blobulating by blobulators1 June 16, 2011