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1.
A ho (biotch) places a shiny watch on the male's penis as a part of foreplay. The male may play guitar to add ambience to the situation.
Stephanie cockwatched Paul.
by Paul Cropptis April 04, 2006
 
2.
To wrap one's penis around their own wrist and show it to another person, acting is if it were a real watch.
See eel skin watch
When the Donger asked what time it was for the 12th time, I showed him the cock-watch.
by KTMNealio December 11, 2003
 
3.
1. When a member of the female gender is on the prowl looking for a cock for the night. She may be inclined to contact long lost hookups, or she even may go trolling for penis at a local bar. Since men are typically easier to convince, the female on cock watch must be duly noted as she is most likely a siff dirty slut.
2. Also know as penis watch
“While on cock watch, the slut scrambled through her cell phone to find a suitable penis for the night.”

"Listen bitch, you weren't out with your friends to dance, you were on cock watch."
by HeathRA September 03, 2008