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Dick Waving Contest 

An activity that usually involves two people who dispute their superiority to the other. This is accomplished by the recitation of individual skills, exploits and accomplishments whose merit is questionable at best. Also, the purpose of discussing said activities serves no purpose but to prove superiority to the other.
Jack and John debated for 3 hours who had the most money, girlfriends, best car, etc. It was really just a dick waving contest that made me sick.
Dick Waving Contest by J. Malik April 29, 2006
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dick waving competition 

When two or more men have to one up each other. This is usually done through verbal combat, where the second man will try to discredit the first with an equal or better story. The first man will generally retaliate, with a further ‘one-up’ and so it continues.

This is called a ‘dick waving competetion’ Because the one-upmanship is like watching two man wave their dicks at each other - completely useless and no way to win an argument.
Robert: I reckon I can get this golf shot under par.

Steve: oh yeah? I reckon I can get a hole in one.

Robert: is that so? I reckon I get a Hole in one using a putter.

Steve: I reckon I can get a hole in one, using a putter, while standing on one leg.

Susan (watching this play out): what a dick waving competition. Just play through

waving dick 

A waving dick is when a man stands penis length of an ass crack and swipes his penis up and down the ass crack in a waving motion to say "hi I missed you".
A man came home from a long business trip. He saw his wife and gave her a kiss and a waving dick to show affection. He walked over to the family dog scratched his ear and gave it a waving dick to show his appreciation of a good pet.
waving dick by oliwa October 10, 2014

waving my dick in the wind 

"Did you see Tom, he forgot his lines and just stood there waving his dick in the wind"

"You just left me there, I was there all alone waving my dick in the wind"

Waving my dick in the wind 

Taking a chance, possibly looking foolish while doing so.
"I'm waving my dick in the wind, waving my dick in the wind
If I make it through the night everything will be alright, But I'm waving my dick in the wind" -Ween

waving my dick in the wind 

showing interest in someone who doesn't seem to show interest back
"I thought she was into me, but I was just waving my dick in the wind"
waving my dick in the wind by mrdew December 21, 2017

waving my dick in the wind 

Looking stupid or dumb. From The Ween Song, Waving My Dick in the Wind
"So I just sat there in the horse costume waving my dick in the wind"

"Look at Tim, he's waving his dick in the wind"