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Slang term for masturbation, particularly of the male variety. Also used to describe hand jobs or other sexual acts involving the penis.

Also used to describe the act of grating Cheddar, Romano, Parmesan, or any other style of cheese for culinary purposes.
"Did you hear Zach got caught by his mom cranking the cheese grater last night? Totally embarrasing!"

"My arms were so tired after that workout I could hardly crank the cheese grater. Huge turn off."

"After receiving our soup at an Italian restaurant, the waiter proceeded to crank the cheese grater over out meals until we gave him the cue to stop. It was totally appropriate given the situation."
by C-Diddy145 June 25, 2009
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