Top Definition
When finishing sexual intercourse in doggy style, ejaculate into your hand, then yell "LOOK! A SASQUATCH!" and then proceed to throw it at your partner's face when they turn back around, confused.
*Note: Sexual intercourse is not a prerequisite for the palm yeti, you must just ejaculate into your hand.
A business partner may also suffice.
Danny:

"Hey, Mr. Johnson, can you take a look at these spreadsheets- OH MY GOD! LOOK! A SASQUATCH!"
*Throws semen on Mr. Johnson*

Mr. Johnson:
"OH DAMN! I JUST GOT PALM YETI'D!"
by Beniamin June 24, 2012

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