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1.
A sneaky steve is when one brings home a woman after being completely hammered, only to find out the next morning that it was a male. Sometimes the person is so hammered that their roomates must inform them that "hot girl" they slept with was truly a man.
"Dude I met this hot chick last night at this party, the only problem was I didn't realize it was a guy till after we scrumpted! He sure pulled a sneaky steve on me!"
by Sex Panterh September 07, 2008
 
2.
A) An erection of the penis.
B) The act of masturbation.
A) Yo, that chick is giving me a sneaky steve.
B) I'll be right back, I have to pull a sneaky steve.
by Barnaby J. Buttsnap III June 29, 2006