1 definition by Bonerbunny
An ancient iceman initiation rite. A virgin iceman is told that there is a neat "frozen squirrel" burried behind a pallet of ice in the freezer. When the new guy bends over to take a look, a veteran iceman jams his thumb as far as he can up the virgin iceman's ass and all present yell squirrel at the top of their loungs. This rite has recently found its way into college communities worldwide.
-"Yo Tom, did you bang that girl last night?"
-"Nah man, that girl was dirty. So I gave her a frozen squirrel instead."
-"Nah man, that girl was dirty. So I gave her a frozen squirrel instead."
by Bonerbunny March 23, 2006