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bang on it 

The act of Bang On It has many different meanings, and depends mostly on the context of which being used. Much like many four letter word, Bang on It is interchangeable and always metamorphosing.
In Celebration of a great job, instead "High Five", throw your fist out for a fist bump, and say " Bang on It.

A attractive female walks by, you look at your friend, tilt your glasses down and say "Bang on it."

Your working against the clock to launch a sortie, you complete the job. Your colleagues look at you in gratitude and offer a firm "Bang on it"
bang on it by Loaf_of_Bread May 6, 2010

Bang on it 

Getting BANG on it, or going to a bar/club/pub, and getting heavily involved in some hardcore drinking.
Oi fella, you coming over the pub?
Yeah mate, lets go get Bang on it!!!!
Bang on it by Bexleywall August 3, 2007

Bang On It 

Oi john, Joanne's bang on it
John Replies: Yes she is!
Bang On It by yeh the man August 19, 2008

bang on the drum 

To perform a sexual act upon yourself.. Masturbate.. Jerk off.. skin the weasel.. spank the one eye'd monkey.. etc..

This is mainly for men..

The female version check flick the bean, tipping the man in the canoe, etc..
I don't wanna work, I just wanna bang on the drum all day.

Bang on Shift 

Bang on Shift

To masturbate. When you push the shift key on a windows computer 5 times in a row, you get stickykeys. Such as when masturbating to porn and not catching your mess.

See masturbate
John: What did you do last night?

Tim: My girlfriend wouldn't give me any so i had to bang on shift.
Bang on Shift by TR MV November 18, 2009

bang on wood

A similar phrase to knock on wood, however it is used when one hits their erection on an object, typically the underside of a desk or table when standing up.
1: *hits erection on desk*
2: Ha, bang on wood.
1: What?
2: Bang on wood. You hit your erection.
1: Uh, ok.
bang on wood by PoehlerBehr September 4, 2018