Noseless nixon is when your friend passes out drunk, and one lays his balls in said friend's eye sockets, and penis down the nose, resulting in what looks like bulging eyes and a *hopefully for the pranker* long nose. A picture is then taken. The Prankee's nose is not in sight, and resembles caricatures of richard nixon, thus "noseless nixon". Quite possibly the gayest form of drunk passed out people pranks, and is usually preceded by Sharpie penises and "FAG" being written on the Prankee's face.
"Dude, James passed out last night, and Tony gave him a noseless nixon. It was fucking hysterical, yet shockingly gay."

by Treezi Weezi April 1, 2006
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