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bouncing out a clown 

The act of defecation. Sometimes known as "putting a baboon into orbit" or " launching a monster."
"Hey, have you seen Eric the boy vampire?"
"No, he's probably in the filthy bathroom, bouncing out a clown."

Bouncing One Out 

The act of jumping on a trampoline while masturbating.
James Burden jumped on a trampoline while masturbating and looking through his neighbors window. Penis in one hand, cigarette in the other. "Hey everyone look! Old James is bouncing one out again lol".
Bouncing One Out by mrbowtie July 30, 2010