A Holder Handshake is a ritual carried out by homosexuals.

It involves holding onto a males long curly 70's styled hair while inserting a clenched fist into their anus.

A holder handshake was named after the 1970's icon Noddy Holder (because of the hairstyle... Not the act in question)
Example:

Steve - So you went down to the gay village last night. Did you pull?
Drew - Yeah. I received a massive holder handshake
Steve - hahaha. I thought you were limping
by Naked Friday May 14, 2015
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