buddy punch 

When a person at work clocks in ("punches in") their friend when their friend is late to work.

Did you you clock in for Stevie?

Oh yes.

Good old buddy punch!

buddy punch by Stewart Larkin August 27, 2006

buddy punch 

Noun.
To punch a friend on the arm or shoulder during a greeting.

John: "Hey man, long time no see!"
*punch*
Henry: "Dude, that fricken hurt."
John: "Relax, it's just a buddy punch. Wuss."

buddy punch by CheckersMcGavern February 25, 2009

punch buddy 

Someone who you punch for fun to feel better/good in any situation

We went in to the haunted house, I brought my punch buddy with me so I will feel better.

punch buddy by AmazingMary December 8, 2015