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1.
The act of stroking another person's pubic hair, as one would pet an animal.
"Did you get laid last night?"
"Naw, I started felting her, but she stopped me."
by Raylan Givens April 03, 2012
 
2.
The art of making small, usually adorable stuffed things out of felt and embroidery thread. Also may involve the use of googly eyes, buttons, and other miscellaneous objects.
J.P. - "Hey, would you want to go to the diner tonight?"
Nina - "Yeah, sure, just as long as afterward we can spend many hours felting."
by awkwardfelt December 22, 2008