Tendency for the penis to erect when dozing off in a long and dull conference call or other business meeting. The reason for dozing off may arise for any wide variety of reasons (such as a boring and monotonous presenter, the absence of good looking women at the meeting, or having gone without coffee for a long period of time), but the result is similar to morning wood
If conference call wood is still observable at the end of the conference call or business meeting, the recommended path of action is to remain seated pretending to be fully occupied on his Blackberry until the situation subsides.
Analyst 1: Dude, you coming?
Analyst 2: In a minute brah. I have conference call wood.