Portmanteau of wank + vacation.

Wank is the slang British English term for Masturbation.

A wankation is any day(s) off taken for the sole purpose of releasing steam and masturbating several times a day.

Applies to both males and females.
Jane: Hey John you've been very stressed lately, is everything okay?
John: Yeah, my boss has been busting my balls for the quarterly report deadline coming up. Luckily, I've got a long 5 day wankation coming up next week. My target is going to be 8 times a day every day, wish me luck.
Jane: Oh John that is impressive, no one has ever sustained that many wanks in 5 days. You are one lucky guy.
*John thinking to himself: Ummm, maybe I ask her Jane to join me, we can mutual wankation the hell out of each other*
by Detective Chet Mahogony December 10, 2012
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When you haven't jacked off in a while.
*Girl jacks guy off*

Girl: OMG! thats a lot of damn cum.

Guy: Yeh well ive been on wankation.
by Masterman09999 August 5, 2011
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Usually reserved for marketing professionals that come up with ridiculous claims loosely based on science, or more specifically make the science fit the claim by any means possible.
Loot at the marketing wank on this, the wankateers have been busy with this one.
by RCB78 June 9, 2020
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A person, or animal, who is obsessed with masturbation.
That Limp Jimmy bloke is such a chronic wankatic - he beats the meat all day long.
by Fuktard April 4, 2007
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