The act of ejaculating into a destroyed article of clothing before throwing it away.
Ryan Collett ripped his boxers from so much bending over, that he gave them one last parting-gift before disposal.
by Arkell November 23, 2008
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A term coined on the 1987 revival of the game show Blackbusters by host Bill Rafferty.
I'm sorry it didn't work out for you. You will be heading to the Land of Parting Gifts.
by John April 29, 2005
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n: When a guy squirts cum into a girls butt on the way out of her vagina.
Usually doggy style.
Hey! You just gave me a parting gift, you ass!
by mark Twains a dickweed December 10, 2008
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