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1.
The act of immediately retracting one's dong into his pants upon urinating. The individual in question does not perform the obligatory shaking of the dong several times to remove any excess fluid from the urinary tract. In failing to do this, the individual often finds his boxers or briefs slightly damp as urine may trickle out for 5-7 seconds after the urination.

This tends to occur 20% of the time in 1 in 4 men.
Tim: Man, I think I may need a new pair of boxers before we hit the town tonight!
John: Oh classic premature retraculation!
by BlurMountain10 December 20, 2010
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