To take a moderate dose of cocaine ("bump") off the head of an erect penis ("mushroom").
Tom: Dude, you see that guys' boner?
PJ: No, Tom give up the dream
Tom: Imma go over to him and ask to give him a mushroom bump
PJ: what's a mushroom bump?
Tom: it's where you take a bump of cocaine off the head of another man's boner!
PJ: ...
Gangster bump or gangster bumping is when your driving your car you hold the steering wheel with one hand and bump your whole upper body to the beat of the music. You must have you window open and your other arm out of the window.
Its a more extreme version of head bobbing!
Andy: "Wow is that dude trying to remove his car interior!"
Seaward: "No..he's gangster bumping!!!"