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1.
Teleporting is slang for giving a handjob, primarily used in the Ypsilanti/Flint Michigan area by youths.

Usually, teleporting happens when people run out of money and still need to get somewhere. Usually, the person will make a deal with someone like a trucker to get where he needs to go.
Out of money, young Matt had to return home to Tecumseh, so he decided to go teleporting instead of walking.
by VinmanX69 May 25, 2006
 
2.
When you hit 88 while on an airplane.
Muff: Bro, what time does your plane leave for Key West?

Anthony: After I leave the airport bar.

Muff: Are you going to be drunk?

Anthony: Yea bro, I'm teleporting to the keys.
by My first abortion tickled August 05, 2010