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2.
A phrase used by a person who is masturbating to a magazine when someone knocks on the door. Popularized by Master Shake in an episode of Aqua Teen Hunger Force.
*knock*

"Don't come in, I'm wrapping presents!"
by sanfud n sun April 16, 2006
 
1.
crying while masturbating
"Don't come in, mom, I'm wrapping presents!" Drew moaned, tears streaming down his face.
by We are going to hell November 07, 2005