When two dudes slowly touch the tips of their erections together, then shine a flashlight on it.
Stands for Erectile Tapping
I think the E.T. is just a crude reinterpretation of the scene from the movie "E.T." in which Elliot and the alien slowly touch as the tips of their fingers light up.
1.ET-movie
2.ET-abrev. for extra-terrestrial
3.The act of almost penetrating the vagina with the penis,at the point of which the head is inside but the female in question chickens out and doesn't get penetrated fully.Said male is then asked to "phone home."
A.Wang-her boyfriend got an E.T...they are not together now.
"I got E.T-ed last night cuz we didn't have a rubber"
"She E.T-ed me last night cuz we didn't have a rubber,the bitch"