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jerkolater 

The act of receiving a ferocious handjob preferably with lotion while taping the end of the penis shut with duct tape (must be secured very tightly) until ejaculation has been reached. Pause for 1 minute and watch as the goo oozes out.
While moving some boxes, Kelly decided to give me a jerkolater with grape jelly and and some packing tape.
Related Words

ass jackolantern 

A general insult. Normally used when some one does something that really ticks you off. Although some people use it for no aperant reason.
What the fuck was that ass jackolantern thinking when he pulled in front of me?

jackolantern 

When a pumpkin hits something hard
He wasnt a normal pumpkin hes a jackolantern

Jackolantern 

Person 1: What did you do this Halloween?
Person 2: Just Jackolantern inside my room