Steve: "Ah man I just took a huge dump."
Bill: "Yeah? How was it?"
Steve: "It was an Arnold Palmer."
Bill: "Oh, sick."
"Just had an Arnold Palmer, it was a pain to wipe."
(2): A sexual act where, preferably a guy, palms the head of an individual, and soon gets into a rhythm of pulling the head towards his (or her) crotch, leaving a 50/50 mixture of jizz and saliva in the overjoyed victim's mouth.
Friend 2: No, what?
Friend 1: He finally got tired of t-bagging and gave Megan the good ol' Arnold Palmer. Good man.
Friend 2: Dang......I tried to do that yesterday but turns out the bitch has herpes.
brad: fuckin terrible. dude smelled like old man balls and talked like nic cage!
paul: so home alone?
brad: yeah played the front 9 with arnold palmer!!