look up any word, like the eiffel tower:
 
1.
the act of masturbating while skipping school.
James was late for school, because he was pulling taffy.
by B-I-G--B-O-Y January 13, 2009
 
2.
Stroking one's cock while watching a webcam or thinking erotic thoughts.
He watched her undress in front of the cam as he was pulling taffy. Saltwater taffy is a candy and an upper-body workout all in one. To give it its light but chewy texture, you’ll be pulling it, and pulling it, and pulling it for up to 15 minutes.
by niccib August 19, 2007
 
3.
female masturbation.
"Jane never gets any so I bet she spends half her time pulling taffy."
by KDinTX August 28, 2009