A Festival of Wank. A Proliferation of toss. An excess of jizz. A massive accumulation of useless remnants resulting from a bunch of wankers tossing all over their keyboards.
An issue which incurs intense press coverage. Frequently a trivial scandal which is blown out of proportion and causes amateur journalists to jizz themselves.
Secondary definition: A person (male or female) whose personality closely resembles the concept outlain by envisioning previously accepted definitions of the word "wankfest" (summary: a large festival of wank).
In early teenage years, for a group of developing boys to slide their penis from their slowly unzipped fly to show to the friend sitting next to them. They compare size and generally get rather hard. Then they test if they can ejaculate yet. For later dates they name these gatherings "a wankfest".
Billy: "Jeez Tommy yours is so darn big!"
Tommy: "Dude, I KNOW!!"
Jimmy: *Holds out a tissue* "GUYS GUYS... I'VE CAME!"
Billy: "We are SO having another wankfest next Friday!"
to wank or masterbate for hours and hours with a good supply of porn of one's choice and a good supply of lube. Done without lube and you risk getting an inflated foreskin or even worse blisters on your cock. wankfest parties are less common than solo wankfests but still more common than you'de think especially common amongst fourteen to fifteen year olds.
jayden organised a wankfest party but had to call it off when the lady at the video store told him he was too young to hire porn