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1.
The act of watching porn and reading Wikipedia at the same time.
I was watching Girls Gone Wild while reading up on Global Warming. - Asian Masturbation
by TheCancler May 20, 2012
 
2.
To masturbate with 2 fingers. Most commonly the thumb and index finger.

95% of Asian men have tiny (under 3 1/2 inch) penises, causing them to only masturbate with 2 fingers because they cant comfortably fit any more. The saying also applies to those who arent Asian but still have tiny penises and can only fit 2 fingers around it.
Gavin practices Asian Masturbation because he has a 2 1/2 inch penis, he cant fit any more fingers around it
by 0101010105 May 21, 2010