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1) Pertaining to the sock you jack off in at night and leave under your bed

2) Derogatory term for anyone who sucks, also see Douchbag
1) "ahh dude my mom found my jizzbasket"

2) "I cant believe Robby screwed my girlfriend, what a jizzbasket"
by Justin July 25, 2004
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A Term most commonly used to describe an ass full of semen

2. A Womens mouth full of semen
Yo that ho michlle is a serious jizz basket man pha sho
by Matthew & Gary May 03, 2004
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