A wet penis. When a male's penis gets dampened or moistened by masturbation, or sexual intercourse. Could be a result of vaginal or anal sex, or oral sex.
Dan's pre-ejaculate fluid became homogenized with Shelly's warm, sticky saliva. His tall erection was covered in a slippery, sticky, semi-thick, glistening sexual substance. Dan had a wet bone.
by Thadeus Dank November 17, 2010

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