When you have a "special" Skype call with the best friend of the opposite gender, usually not your boyfriend/girlfriend. In this special video chat, you guys have a conversation while masturbating in front of the other. You usually have your genitals showing and your hand in motion. The two people talk like they regularly would, but at the same time pleasure themselves. You don't talk about anything relating to what you are doing. Just have a regular convo. You do this to open up and become comfortable with someone. It is becoming more common, and is a great way to become closer with your best friend of the opposing gender.
Hey Bob, do you wanna wet skype?
Yeah sure! One sec let me get my d*ck out.

Hey how was your wet skype yesterday?
It was awesome! We both climaxed, nothing out of the ordinary though.
by SuperSocial December 23, 2013
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