A method of betting in roulette where one places an extremely large amount of chips on either red or black in a single phallac-like stack.
Kevin: Holy s*** Dave, are you going to Ron Jeremy on black again? That thing looks like the leaning tower...
Dave: What can I say? I'm determined to get us comp'd for breakfast!
A re-rack in beer pong that puts the cups in a straight line. Can only be done with 3 or more cups, otherwise it would be too short to be called a ron jeremy.
Bro #1: Re-rack!
Bro #2: Ok, what do you want?
Bro #1: Can I get a Ron Jeremy?
Bro #2: (Bro #2 proceeds to place the cups in a straight line facing outwards)