Short for Dick Wet - (DW)=(DDUB), which means any form of bodily fluid(saliva, vaginal secretions) making physical contact with the male reproductive organs, testicles included.
OR recieving a handy using a liquid substance (gelatin, toothpaste, lotion)
GUY ONE: Hey dude, are you still going out with that skank?
GUY TWO: No fuckin' way, man. She was totally a Ddubs.
GUY ONE: Totally. What an whiny, obnoxious, immature little bitch!