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Most often encountered in an office setting where new introductions or hand shaking is prevalent.

The precursor involves a man who urinates without washing his hands. Shortly thereafter, when this man is in a situation which warrants shaking hands with someone else, the other individual will be on the receiving end of a penis handshake.
Man 1 "I was taking a company dump the other day and I was peeping at other dudes... And this guy comes in, drains his lizard, and then walks right back out."

Man 2 "I'd hate to be the guy on the other end of that penis handshake. Fucking gross"
by phopey October 05, 2011
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