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1.
n: a conference, retreat or otherwise third-party (read: company, government, etc) subsidized event for which an individual personally pays little to nothing, but reaps extreme benefits.
"flying out for another junket. forward my mail."
by whorian April 23, 2004
 
2.
n. a free trip provided by employer etc... considered a perk
"another junket this week"
by Pete January 20, 2004
 
3.
Male semen ejaculated from the testicles.
I’m terribly sorry, but I seem to have come my junket all over your blue dress.