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Spank the monkey 

An American state sport, in other words, jacking off. Numerous other ways of saying this include Beating the meat, playing the devil’s fiddle (for you Christian white guys).
Viktor: Dude, you gotta come see this photo of Mia Khalifa!
James: Gimme a sec, I’m gonna go spank the monkey...

to spank the monkey 

to masturbate... to do the the dirty deed, in a few words to deal with your sexual needs by yourself
Guy 1: How did it go last night?
Guy 2: Not so good, so I had to spank the monkey!

Spank the plankton 

1. When you try to make a dank meme but fail

2. When you try to suck someone’s ankles, but they dodge it by kicking you in the face
1.
P1 My meme I edited for 4 hours got only 3 likes!

P2 Damn that meme really spank the plankton

2.
P1 I tried to suck my girlfriend’s ankles last night, but she ended up breaking my jaw! That bitch spank the plankton!

Spank the Midget 

An act that marks the beginning of the end of a once successful career. Inspired by the artist, Miley Cyrus, when she brought midget back-up dancers on stage only to spank their tiny heinies.

Similar to the phrase, "Jump the Shark," coined when the character Fonzie water-skied over a shark in the hit show, "Happy Days." This episode was the epitome of a show losing ratings and resorting to desperate acts to raise view counts.
Britney Spears is going to spank the midget by going to Vegas.
Spank the Midget by Jiggle Monkey September 22, 2013

spank the plank

1) to masterbate
2) musical slang - to over indulgue in a guitar solo

(both samething really)
Pete took centre stage and spanked the plank for fifteen minutes before somebody turned his amp off.

spank the monkey 

spank the monkey by Ryan Ramsey December 18, 2006