A verb. An action in which a covetous or envious individual is monitoring or speculating over the hoes(men or women) that another individual has in their life. This action is usually commuted out of jealousy or a deep sense of insecurity within oneself.
Dickwatching is any form of watching other men. Paying attention to how much money they've got, how much pussy they're getting, or generally engaging in any form of gossip.
Stuart: Damn, did you see Chad with that new girl on Thursday? I've never seen them together before..