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1.
A conference room circle jerk is when many management consultants gather to express their intelligence (see clown posse) while not getting anything done. Although many individuals who engage in this behavior come from a fraternity background, a conference room circle jerk has the opposite rules of "soggy biscuit" in that the goal is not to climax early, but rather to hold back your "pearls of wisdom" until the end of the designated meeting end time. This makes you appear to be the smartest person in the room. The loser or the consumer of the "soggy biscuit" is the individual who is in the room not paying attention while attempting to complete actual work. This person is assigned any (usually asinine) action items from the meeting.
Paul: Wow, what a conference room circle jerk! We literally spent three hours of my life that I will never get back.

Ed: That sounds terrible. Who ate the soggy biscuit?

Paul: Unfortunately Eric, he was dealing with a client issue while trying to keep his sanity during the clown show.
by B-MAG November 02, 2013