A person who masturbates to pictures of used underwear auctions on ebay possibly because they cannot access any other internet porn or because they have a used underwear fetish.
"Pink silk panties size XX large, no reserve" -- Sounds like ebay wanker bait!
A commonly used Australian/british/new zealand word used to describe a fuckball, jerk, asshole or jackass.
Another word for tosser, which is usually reffered to when someone is being a tool or a complete dick. The term is usually asscossiated with one who masturbates regularly. Often reffered to as having a wank, hence the term wanker (one who wanks).
mike:"oi dickhead move ya fuckin car outta the way...ya blockin the traffic ya fuckin wanker!"
The phrase is a play off "pervert" and "to wank." Literally, means someone who masturbates with perverted qualities. It is often used in a playful sense to label someone who is not shy about hiding his sexual appetite.
Can also be used negatively to label someone as a chronic masturbater or someone with immoral sexual desires; however, it is more often used in a playful sense.
Look at that old dude flirting with all of those younggirls, what a pervy wanker.