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Nostalgia Wank 

Masturbating to something (i.e. Porn, Someone you got dirty with) you tugged one off to a long time ago
"Hey I haven't seen that video for ages! Time for a Nostalgia Wank"
...
"It's good to be back"
Nostalgia Wank by Wooooool November 24, 2013

nostalgia wank 

person 1: I spent the last night listening to old playlists...
person 2: stop the nostalgia wanking already

wanking nostalgic

the act of reminiscing about a bygone era or way of doing things in a manner that elevates oneself and one's experiences, while denigrating those who take an active part in modern events/trends/etcetera
When older generations call younger generations "lazy", "narcissistic", "entitled", and "disrespectful", while insisting that THEY were never that way when they were young, they're doing little more than wanking nostalgic.

"Everything was so much better when I was young. Kids these days are ruining the world/subculture I grew up in."
"Quit wanking nostalgic. Things were plenty fucked-up back then, too, and you know it."

"Back in my day . . ."
"Ignore Grandpa. He's just wanking nostalgic again."
wanking nostalgic by bellevoix April 11, 2014

nostalgiwanker 

A derogatory term used to describe fans of Avatar: The Last Airbender, FairyOdd Parents or anything else that hasn't been on the air for 10 years.
"Wow, that episode of Jimmy Neutron was pretty good!"
"lol we got a nostalgiwanker over here guys"