The act of drilling holes in a pumpkin around its circumference (at least five holes) and getting a group of guys to fornicate in the holes (thus, the penises being the spokes of the wagon wheel). Extra points are awarded for completing said activity while rolling down a hill.
Fellow A: "Man, Halloween was FUN last night."
Fellow B: "Yeah, especially when we stole the jack o' lantern and ran a wagon wheel on it."
To go out drinking at gaybars. Derived from The John Waters movie Female Trouble. Aunt Ida tries to persuade her straight nephew Gator to go to the Wagon Wheel , a gay bar. She implores him "Come to Wagon Wheel bar with me?!"
" let's goWagon Wheeling!" Or " shall we go wheeling?"
Old west terminology for a Gatling gun mounted on a wagon, the aforementioned Gatling gun being the "dragon" mounted on the wagon which is just that, a wagon.
Outlaw #1 these damn marshals got us surrounded
Outlaw #2 haul in the wagondragon.