To slapone's testicles across another individual's face (esp. forehead). Similar to tea bagging, however in this case the sack is not rested on the deponent, but rather used as an instrument of assault.
Speed bagging is often done to humiliate and/or shame the person upon which it is inflicted. It is also valuable for its humorous quality.
This activity is solely engaged in between males, and would be frowned upon as vulgar and inappropriate if executed upon a female. As with tea-bagging, this act is never considered homoerotic, although the deponent might be derided as a "fag" anyway.
The next time you black out I'm gonna fuckin speed bag your faggot ass, you fuckin light-weight.
I finally pulled off Mary's panties only to discover she has a gigantic speed bag. I proceeded to get my boxing workout done while simultaneously pleasuring her.
After Herman gave Bonnie the speed bag for a good 7 minutes, he fell to the floor and clutched his lower abdomen in pain because of his extremely sore testicles.
The act of fucking a girl's face rapidly with her laying on her back on the bed and her head hanging off the side similar to a tea bag the testicles hitting her eyes very rapidly.