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1.
1. (verb): to have sexual relations with a female, often followed by a prompt dismissal of her.

2. (verb): to do a flip off a diving board (sometimes naked) while holding one's penis in his hand.
-"Dude, did you boneflip that chick yet?"
-"Naw man, I'm still working on it."

-"Hey dude, do a boneflip!"
-"Shorts on or off?"
by AyMang September 04, 2010