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1.
When one masturbates with pliers or another sort of metal device.
I went over to the workshop last night and gave myself the iron grip.
by RabidMonkey August 19, 2006
 
2.
When a girl gives a guy a handjob, and holds his dick wayy to tight
You get a handy last night man?" "Yeah dude" "Nice how was it?" "Pretty bad dude, she had iron grip on my dick
by wadupppp March 13, 2011