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Definitions by Supreme Leader Cuntfucious.

toasterbating 

To masturbate by sticking your dick in a toaster and turning it on. Commonly leads to WaffleCock. Famous toasterbaters include Abraham Lincoln, Lady Gaga and Barack Obama
Dude, did you see that video of that guy Toasterbating?

Yea, he had to go to the hospital with Waffle Cock afterwards!