A celebratory gesture performed by two persons briefly, yet forcefully colliding their hands in mid-air when they come to the realization that Texas, and all things related to it, is awesome in a way that the lesser peoples of the world can never understand.
Note: The word must also be said when the action is being performed.
J: Wow, the King Ranch here in Texas is bigger than the state of Rhode Island.
S: Aaaaaaaaaaand.... *Texas Five*

M: This Dr Pepper is awesome! It was also created in Texas!
F: Oh yeah! *Texas Five*
by BuddingWordsmith May 11, 2011
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When a consenting woman is giving a hand job with her left hand, another with her right, has another penis in her mouth and one each in her ass and vagina.
The varsity basketball team's starting five treated one of their cheerleaders to a rousing Texas five star.
by Glenn S. January 25, 2004
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A period of waiting for something to occur that is significantly longer than that which was promised.
"The meeting was supposed to start at 3:00, but I keep getting the Texas five minutes from the receptionist".
by larrydart January 31, 2009
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when you slap someone's back and leave a 5 fingered hand print.
Andrew: in the locker room today i texas five starred that one guy
by Andrew and Laura August 24, 2008
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The lack of financial stability to purchase a full gram of marijuana. The Texas five sack.
I'll just get the Texas five sack today, money's tight.
by The sky beast April 21, 2018
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