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To wank under extreme horror or terror, usually under extreme, life or death circumstances as a last attempt at pleasure. Characterized by furious masturbation accompanied by screams and shouts.
Captain Bob: "Attention passengers, fasten all safety belts-we are heading for a crash landing."
Terrified passenger: "Time for a terror wank..." *Fap fap fap*
by Nickwalks October 26, 2011