When you masturbate to Pokemon.
EX: Dude stop Master balling all the time.

EX2: I master balled to Pokemon Leafgreen yesterday.
by JING MIKE MOY January 20, 2014
To not use a valuable object waiting for a more fitting opportunity. Eventually ending the period where one could have used it and making it obsolete. Comes from an event that happens in Pokemon games often.
"No, I don't think I should use this wine yet its not a good enough reason."
"Don't end up master balling it."
by CommonFound December 29, 2011

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