1) The act of masturbating with a condom on. Primarily done to avoid cleaning up afterwards.
2) An alternate way of playing the penis game, where one uses the word condombate instead of contemplate.
Mike: Dude, I just found a condom in the toilet. Did someone have sex last night?
Eugene: Nah, it was just me. I condombated to some porn.
Last night, as I was staring at the stars, I was condombating the myriad mysteries of the universe.