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Milking the Goat 

When two guys are showing the goat to a girl and the girl jacks them off at the same time as if you were milking a goat
Jack: Dude, I know this sorority girl that is willing to do the move, milking the goat
Bill: I don't know man, she is pretty dirty.... but i'm always down for getting milked
Jack: ok she is gonna come in the door now so get ready!

milking the goat 

to leave the room, masturbate onto your hand, and then return, giving someone a high-five or shaking their hand.
Eww he totally just milked the goat on me.
milking the goat by salmon April 19, 2004