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It is a vulgar term referring to your wang in the state of being covered by a condom. It is based off of the idea of a condom being a penis-sock of sorts.
I wanted to go bareback, but she told me she didn't want to get knocked up. So I slipped her the ol' sockmeat instead.
by Chaly May 23, 2006

Words related to sockmeat

wang bareback condom meatpole sex