When the bill comes for food or drink, The friend who starts patting himself down searching his jacket and pants for money that he knows isn't there, like a third base coach giving signals to the batter. He's just waiting for the rest of the guys to come up with the bill
3rd Base is getting either a Hand Job, Fingering or Oral Sex. Can also be used as foreplay before sex or just a Sexual activity without having to actually have full Sexual Intercourse
"hey .. whats third base actualy feel like?"
"It feels like warm apple pie..."
-American Pie