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Masturwaiting 

Laying in bed, chubbed up, waiting for your roommate to go to sleep so you can pleasure yourself
"I had a Louisville Slugger-sized hardon last night and needed to crank one out, but my roomie was awake, watching some dumbass videos. I was up masturwaiting until 1:30am!"
Masturwaiting by DavieYo March 1, 2015

Masterwaiting

The time spent wait for porn to buffer. The time that one spends waiting until the selected material is buffered and ready for viewing; at which point one can proceed with pleasuring one self.
I got home and due to my slow connection speed I had to masterwaiting until I could watch my girl Ava Addams and finish myself enjoyment.
Masterwaiting by Markie Markie July 11, 2017

Masterwaiting

verb. To quickly rub one out if you have been waiting for someone or something for an extended period of time. (30 min. to 1 hr.)
I heard from Ashley that Joe admitted he was masterwaiting until she arrived 10 minutes late.
Masterwaiting by Coke-a Cola December 25, 2010

Masterbaiting 

Not to be confused with masturbating.
Masterbaiting is just being really good at fishing.
“I masterbaited yesterday.”
Ew, you don’t need to tell me that!”
“What? I caught lots of fish! That’s Masterbaiting!”

masturwaiting 

Waiting for everyone in your house to go to sleep to spare having to hear them or them hear you while masturbating.
John: Why the hell are you so tired?
Bill: My brother wouldn't go to sleep, I was masturwaiting until like 2AM for fucks sake.
John: What the fuck is masturwaiting?
Bill: Check urban dictionary fag.

masterwaiting

the act of waiting for your family or roommate to leave the house so that you can masturbate.
axel was masterwaiting all day cuz his roommate wouldn't leave. he didnt get to jerk it once.
masterwaiting by axel123 April 21, 2010