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1.
Semen. Literally the "extract" from your wang. A.k.a penis. Usually deposited into a females mouth, ass, or pussy. Usually the mouth and is usually after a blowjob.
"Yo, did Suzy suck your dick last night?"
"Fucks yeah man, she got some fresh, hot, wang extract as a reward. Haha."

"I'm all out of vanilla extract for my cake..."
"I got some other extract for ya baby."
by Chris, Tiara June 17, 2008