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1.
The age-old way to "waste" time at the office where you take a piece of paper, "ball" it up, then shoot it into a trashcan from a reasonable distance. This is more significant than it seems. This almost ritualistic American Pastime can be used to:

1. dispose of those dreaded filing reports your douche boss assigned to you

2. assert your dominance in the part of the office you work

3. be a fun way to dispose a random piece of paper

I'm pretty sure this is the inspiration for "Cuponk"
Todd: *crumples random piece of paper* "OH! and Todd charges down the lane! He's the only hope for the team! They're all counting on him! 3... 2... 1... *shoots*.... *misses*.... no one saw that but me..."

Dan: "Nah dude, I saw you miss your Waste-basket... Michael Jordan would be ashamed.
by SyKnEsS 1 March 04, 2011
2 1
 
2.
Also known as prudent wastebasket.
The act of stomping on a girl's foot and ejaculating in her mouth while she screams; when a girl doesn't want cum in her mouth during felatio so a guy stomps on her foot like the pedal of a wastebasket to open it, and he makes a basket while her mouth is open to scream in pain.
Jill took my dick out of her mouth when I was about to cum, so I gave her a wastebasket.
by DjSuzySolar September 07, 2006
3 6