To perform the yank and bank one must be having sex in a "doggy style" position with a woman that has a pony tail. Right before the moment of ecstasy the man yanks on the woman's pony tail and turns their two bodies to the left or right. This is a favorite move of pilots.
Pilot 1: I was in Chicago last night between flights and pulled the yank and bank on that super fly flight attendant.
Nickname given to bales of marijuana thrown overboard or out of airplanes. Origin is reportedly from members of the US Coast Guard in the area of Southern Florida.