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Hands off the merchandise! 

Hands off the merchandise!

A protest/order uttered by one of either gender when someone else (usually of the opposite gender) wants to indulge in a little touchy-feely, but he’s not in the mood.
Weary girl (pushing her guy's "exploring" hand away from her boobs): Hey! Hands off the merchandise! I wanna go to sleep now!

hands off the merchandise! 

Basically "Don't touch my stuff, punk."
Person A: Dude, awesome iPod!! (reaches for iPod)

Person B: Hey buddy, hands off the merchandise!

handling the merchandise 

The act of masturbating in a grocery store while employing the merchandise to complete the act
"Clean up on aisle 3 in produce. Someone has been handling the merchandise and the avocados have been abused"

Watch the Merchandise 

What you say then someone touches you aggressively or without consent. Not necessarily in a sexual manner.
Cop~Come on buddy *grabs arm* You're going to do some time.
Suspect~Hey watch the merchandise!

Check the merchandise 

Come on girl. Quit playing and let me check the merchandise.

Easy on the merchandise 

It is said when something or someone is being touched abruptly or handled harshly.
Cop: "You're under arrest!"*handcuffs suspect and pushes him into the back seat*
Suspect: "Hey man, easy on the merchandise."

*Person 1 hugs Person 2 suddently*
Person 2: "Haha, easy on the merchandise."
Person 1: *sarcastically* "Shut up."

*Tourist picks up glass sculpture with little care*
Shopkeeper: "Hey! Easy on the merchandise, kid."
Tourist: "Sorry, no hablo chino."