When 3 or more gay men have a circle jerk.
Comes from the habit elephants have of holding each others trunks.
“Hey Dave, Bruce and John are coming over! We are finally going to have an elephant party tonight! Yay!
by Nerdboy1982! August 6, 2019
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When a male pulls his pockets inside out and unzips his fly and takes out his penis.
"Man, Bennett totally just did the party elephant! He is a real winner!"
by Hernando Potér August 25, 2005
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