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Placing your hand in an ice chest for 5 minutes before masturbating. You may also use a fridge, freezer, or Canada.
"Man, I felt the need to punish myself so I finished my day with a Chilly Palmer."
by Revolution1117 October 07, 2007
When a man is having intercourse with a girl, he pulls out and blows his load into a handful of crushed ice and slaps a woman on the back.
My girlfriend called out her ex's name, so I grabbed a handful of ice and gave that bitch a Chilly Palmer
by Pussyhands Icechest December 30, 2008