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Bag Balm 

Another word for a male's preejaculate, or "pre-cum." A woman will use the appearance of a man's Bag Balm as a green light in giving him oral sex. The Bag Balm is epecially helpful in the dark, when grazing your fingers over the head of a man's penis and feeling the slippery ejaculate between her fingertips, much like a grochery employee uses when bagging up shopping items.
"When I was hooking up with Jimmy last night, I reached down and felt his Bag Balm, so I proceeded to give him oral"
Bag Balm by shredqueen May 22, 2010
Related Words

ball bag balm 

A balm applied to the ball bag or other areas for relief from virtually any symptom. also used as a phrase inserted quickly (or even slowly) into a conversation in an attempt to trick the listener into not hearing or recognizing that the phrase was even uttered
Hey Paul! My sac is really burning and itching today. Is there a chance you have some Ball Bag Balm I could use?
ball bag balm by Reidp3 August 14, 2006