When two seriously horny guys get together to stroke the spooge out of each other's sausage.
Rick and his good buddy Dick like to take their lunches in private at the construction site. They find a quiet little place away from the other guys for a little wanky panky.
After fixing his TV, the cable repair guy and Hank spent a little extra time working on each other's equipment, with a little wanky panky.
After the game, some of the guys on our team like to kick back and play a little game of wanky panky with each other.
Wanky-panky similar connotation to hanky-panky but for solo adventures. Can be a derogatory reference to one who is prudish yet we all know still does it. Also, maybe referring to someone comfortable with their sexuality and really makes an effort to enjoy themselves.
I believe Mike is going off for so alone time ‘cause his up for some Wanky-panky!!!
This is what you say when someone near you is on the phone so whoever they happen to be talking to thinks they were about to get some but then were rejected.
Victim: "Oh, yeah so the other night I was talking to-"
Random person: "No, I don't want to take my pants off!"
Person on the phone: "Who was that..?"
Victim: "Um...."