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Lofterbation 

The act of masturbating while in one's dorm room lofted bed, with or without roommates present. The lofts must be so high above the ground that, upon ejaculation, the discharge sticks to the ceiling.
After returning from class, I noticed the jizz dripping from the ceiling and immediately assumed Fat Jimmy had been lofterbating.

I took one look at my roommate Jim Nugent and was forced to hop in bed to lofterbate.

My erectile dysfunction doesn't allow for lofterbating.

After bombing my Orgo test, I ran back to the dorm for some quality lofterbation.

With four guys in one room, lofterbation is so frequent that we painted our ceiling white.
Lofterbation by James T. Nugent November 12, 2008
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lasterbation

1. Being the last person to perform in the act of masterbation amongst a group of others. 2. Last minute masterbation. 3. Last time masterbating in one's life. 4. Name of scale to determine how long one is capable of masterbating.
Tom likes watching others pleasure themselves before he sneaks in some lasterbation. Fasterbation

lobsterbation

1. A woman purchases a live lobster.
2. She inserts the tail into her vagina.
3. She burns the lobster's face (for maximum class, she uses the Virginia Slim she's currently smoking).
4. The agitated lobster will wiggle its tail, recreating the effect of a vibrator, albeit an oddly-shaped one.
After putting together her Hoosier Hysteria High School Baskteball puzzle, Erin retired for a relaxing evening of Virginia Slims and lobsterbation.
lobsterbation by ssaaaammm September 7, 2005

loiterbating 

noun,the act of masturbating while loitering. some popular places for loiterbating are: 7-11, walmart, and costco.
Hey bro I was loiterbating at 7-11 yesterday with my girl.
loiterbating by da bombbater June 18, 2011

Lollerbation 

Excessive use of the meme language known as Leet (Leetspeak, Eleet, I33t, 1337, whatever), especially variations of "LOL".
Aaron: OMG, n00b, check out theez awesome lolcats!

Erin: Lollerskates!

Arin: Roflcopters, d00d.

Airen: T0tal pwnage!

Air In: You better not be rickrolling me now, ROFLMAO!!!

Voice from television public service broadcast: Recent studies indicate that excessive lollerbation can lead to loneliness, severe depression and hairy palms.

lolerbation

to masterbate while loling your fucking tits off
yo dude i think i have serious lolerbation problem, i was up all night lolerbating and now my balls contain no baby juice
lolerbation by Steamd Rice July 25, 2010

lasterbation

1. Being the last person to perform in the act of masterbation amongst a group of others. 2. Last minute masterbation.
Tom likes watching others, then he sneaks in some lasterbation. Fasterbation