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1.
The act of excreting upon an erect penis held down and using the spring-back motion of the penis to launch the excrement in a diving board like manner into the waiting mouth of a hungry homosexual.
Neil-"oh man, i was wasted last night, apparently we gave steve a bakers dolphin, hopefully he doesn't remember"

Steve-"oh why does my mouth taste like someone took a dump in it"

Jeff- "might want to brush your teeth mate"
by Pissfistercumtumbler December 24, 2010
 
2.
A travel agency that provides coach trips.
I just went to Bakers' Dolphin.
by HiTmAN December 27, 2003