While one is relaxing in a hot tub with others, the act of poking the head of one's penis just above the surface of the water, like a submarine's parascope.

(noun) A successful type of theft which results in an acceptable, impressive and rewarding payday for the protagonist.

When a male proceeds to drop his tescticles onto anoter persons eye sockets (consciousness is not an issue) and then place his erect penis on their forehead therefore making it look like the person is looking through a parascope