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1.
stray ejaculate. normally found on carpets, curtains and other home furnishings. particulary harmful to eyes. can cause irritation and/or pregnancy.
missing your partner'(s) face with a load causing wanksplash stains on the pillow.
by Alistair Murray January 25, 2007
 
2.
a siemen stain, or a derogatory term for a person deemed not even fit to be a wanker or a flying spunk bubble.
"Oi wank splash, you just spilt my pint!"
by jonny quango June 22, 2006