"Squeeze one out" can have many euphemistic meanings:
1) Narrowly win in a game
2) Give birth to a baby
3) Poop, as in
4) Masturbate, but this is the least-used of the four
1)"they squeezed out a victory, 1-0"
2)"I'm not going to squeeze one out till I'm, like, 30."
3)"I'm going to the toilet to squeeze one out"
4)I squeezed one out in the shower last night.
by Hamid2547 October 3, 2010
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london expression, for jerking off, wanking, tossing etc.
Man im board Ill think squeeze one out.
by grumpyboy September 14, 2005
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When you attempt to urinate or defecate due to the current convenience of a rest room and knowing that access to one will not be available for a long time there after.
(On a road trip)
"OK, we are making a rest-stop at this gas station. This is your last chance to use a rest room for 300 miles"

"I don't really have to go, but I better squeeze one out while I have the chance'
by kapooch102 December 24, 2011
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To defecate hurriedly. Primary usage area is eastern U.S., blue collar lexicon.
Let me squeeze one out, Freddy - I'll jump on that alternator change when I'm done.
by Boswell August 27, 2006
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