A phrase that refers to a default message on the popular disney kids interactive game site called "Club Penguin" at www.clubpenguin.com Although it being a "kids" site, many teens are found playing on this site(specifically a small group of teens in a Web Development I class). It is just a random saying when you are bored. Or it may be used to cheer up a freind
1) freind: "my girlfreind just broke up with me"
You: "Party On the Iceburg"

2) *running up to a freind* Party on the Iceburg
by k_redball92 September 6, 2008
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Placing a large cocktail ice cube into the rectal cavity of said subject. Then putting one’s penis into the butt hole. When the cock mushroom head gets super cold you have achieved the Anal Iceburg.

Famous movie: “ICEBURG... Dead aheaaaaaaad!”
Sentence: I just needed the tip of my little Burg to get good n’ icy so I torpedoed dat big anal Iceburg.
by Minkenator March 31, 2019
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When a lady puts her freezing hands (due to exposure to ice cubes or a general freezing temperature) on a mans junk in order to "iceburg" him or expose his genitalia to momentary extreme cold.
i.e. "Sorry i Iceburged your junk."
by Laura Y December 23, 2007
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