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Balloon Butting 

Balloon Butting is when you stick a balloon into your anus and then have a friend inflate it to induce sexual pleasure, or you self inflate using a series of tubes/straws.
Hey did you hear that Paul was Balloon Butting?
Ya! It totally burst inside of him and he pooped out plastic!

batting for the other team 

That guy is batting for the other team
batting for the other team by elf August 23, 2003

yankee boating 

When southern women try to get pregnant by men from north of the mason dixon.
Now that cuffing season is over, Sandra is going to vacation up to New Jersey for yankee boating.
yankee boating by GioMemes April 25, 2017

Ass Betting 

A term coined in urban penitentiaries. Meaning one who gambles without enough capital to cover his end. One who commits this offense in prison usually ends up having to pay with ass - His own. However in a street setting this usually results in a vicious beat down and/or loss of life.
Man, that nigga Sloan bet Rico $5000 on the next Saints game. He's Ass Betting fo' real. He couldn't even make rent this month! Rico 'finna get in that ass!
Ass Betting by BDiddyDaHomewrecker September 22, 2006

Dragon Boating 

The act of placing ones face in the cleft of the buttocks of another and motorboating the cheeks.
Suzie and I were fooling around and I flipped her over and straight took her to Dragon Boating town. She loved it.

spread betting 

A good way of losing thousands of Euros in double quick time by backing financial or sports markets to either rise or fall. You bet a (relatively) small amount per point of the index which can fluctuate by hundreds (or if you are (un)lucky thousands) of points within a few weeks. On the plus side, you can open and close your bet at any time - sometimes you might open a position which you could hold on to for as long as 3 or 4 months. If there is rapid activity in your favoured direction, you might get out within hours and take a small profit.
Two examples of spread betting:

1. Dow Jones 'March 2007' might have a spread as follows 11200-11215. If you think the market will go up you buy at 215 hoping it will end anywhere higher than this. If conversely you think that the market will go back into the 10,000s you 'Sell' and wait for the market to fall before closing your position.

2. Cricket bet. England 2nd innings of the 4th Test vs Pakistan. The spread might be something like 295-305. If you think England will score 400+ you might buy this position at 1 Euro per run. If they score 405 you win 100 Euros.