A sexually explitive similar to
Texas Belt Buckle. It is the action of pulling the penis through the pocket of the pants and then exposing it, still in the pocket fabric. Basically creating a pocketwatch looking object.
Girl: "Hey Steve, What time is it?"
Steve: "Hold on, Let me check "Uncle Jed's Pocketwatch."
Steve then reaches into his pocket and performs the aforementioned trick.
Buy a
Uncle Jed's Pocketwatch
mug!