1.) The act of masturbating while hanging upside down. Ideally batsturbating is performed in a dark basement or cellar. Often batsturbating is accompanied by clicks used for the purpose of echolocation.
2.) The word used when one is binge watching the Christopher Nolan Batman movies.
"Have you tried batsturbating? It's a real headrush."
"I'd watch the new DC comics Batman movies starring Ben Affleck, but I'm going to be busy batsturbating."
12 step recovery jargon referring to someone new who talks about how great life is, now that they'resober. Usually meaning that the person is out of touch with reality.
The new guy seems pretty happy for a dude who has no job, no money and no family. He must be on a pink cloud.