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Punch it 

to jack off. shorter version of all the "punch the..." sayings.
i'm going to go punch it. or dude last night i punched it like 4 times. i'm just sitting around punchin it.
Punch it by max locstar June 4, 2005

punch it 

When you have a free period in school and you go down to the farthest drink machine from you to waste time/ get a Hawaaian punch
Dude, I don't have any homework, let's punch it.
punch it by freakingname December 11, 2008

Punch it 

Having people round your house for the weekend and Partying. Celebrating the fact they are there with punch. Preferably alcoholic in nature.
Man 1: "I have the boys round this weekend, you coming bro"
Man 2: "Bro, you should Punch It dude"
Man 1: "Dude, Punch it!!!"
Man 2: "Dude"
Punch it by TheDudeowski June 27, 2013

Punch It, Chewie 

Expression indicates the desire to increase speed or possibly escape some situation

"Hit the accelerator to the max", "Let's get out of here", "Increase speed" Or anything similar.

Typically uttered by the passenger to the driver of an automobile. The "Chewie" part is optional

Originated from the Star Wars Trilogy when Han Solo yells to Chewbacca to operate the hyperdrive to escape the Imperials.
<in car, one must speed up to pass a slow moving car>

PUNCH IT, CHEWIE!

punch it in 

to bump fists, knuckle to knuckle, when something good happens or someone says something you firmly agree with. All the fun of a high five, but less dorky.
McSweeney's accepted your piece?! Punch it in!
punch it in by mandingoe October 8, 2004

punch it out

“you wanna punch it out”