where a bunch of guys stand in a circle with a cookie in the middle. and then they all have to ejaculate onto the cookie and the last guy to cum has to eat it. Hence the Ookie.

step 1) place cookie on table
step 2) gather bored guys (preferably frat members)
step 3) get them to stroke it, last one to cum, eats the spooged cookie

see also circle jerk

When a bunch of men gather in a circle and masterbate on a cookie and the first one who can't cum in 5 minutes has to eat the cookie.

1) place a delicious cookie in the middle of a smallish table
2) gather five (5) homos, goodlooking, successful, hard
3) Get the go getter to make the first move as the others willingly compete to make icing

1. see biscut
2. when you take a cookie and a whole bunch of fucking homos jack off and the last fucker to enjaculate on the cookie has to eat that shit