The act of two male video game collectors wearing Power Gloves and grasping each other's erect penises, thus constricting the tips until they are engorged and resemble a Purple Ganon.

Purple Ganons are a fairly commonplace event when collectors exchange high-end Nintendo NES items, often accompanied by penis pictures.

Derived from "Squillionaire," "squill" is a dereogatory term for anyone who accumulates, flaunts, hoardes, or otherwise posseses wealth beyond reason.

The made-up shit your schoolyard friends would all claim was hiding inside every video game.