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1.
When a man receives an abundance of praise from one person regarding his talents, looks or accomplishments. Usually the compliments are distributed in a nearly excessive amount and received within only a few minutes of conversation, enough to satisfy the receiver in such a way that it is analogous to the stimulation of an orgasm, but for the ego.
I was in a meeting when Sandra started giving me quite the ego handjob. She went on and on about my contribution being valuable to the company and how I was the most talented person there.
by Josh June 03, 2010
 
2.
<Noun>
An ego handjob is an exchange of unsolicited compliments between friends that is meant to flatter, affirm, or charm; especially under circumstances in which the mutual feelings are generally already known. Ego handjobs should be mutual and reciprocated.
Two people exchanging ego handjobs:
Friend one: "You are awesome!"
Friend two: "YOU are awesomer!"
Friend one: "Your ego handjobs feel great!"
Friend two: "No way... YOUR ego handjobs are just amazing."
by Armchair007 December 20, 2011