As opposed to a fist pump, a fist hump is the act of masturbating ater being defeated in some form of competition.
"Rodney really got his ass handed to him in that match, nothing left but a fist hump for him"
by Heeeeenk December 20, 2011
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An attempt to procreate with ones own fist usually ending up in mass tissue consumption or sock laundry.
Joe: Look at her. She's hot.
Tom: Swell! Now I'm off to my place for a little fist humping.
by Bhazey October 17, 2007
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