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2.
Continuing with sex when no lubrication is present whether it be from the girl or from a bottle.
"Man it was all good for a while until we started skinning the fish."
by RenoBlack August 14, 2005
 
1.
Self circumcision just before losing you're virginity.
Emily was horney but I wasn't confident, so I skinned the fish.
Skinning the fish

Tips: Use the blood as cheap lube
by emily's a british can't September 14, 2013