Waiting for a raging erection to become flaccid by either waiting alone in a separate room or sitting down before facing other people.
Peter debonerized his morning-wood before facing his in-laws.

Alfred sneakily Googled pictures of Chloe Kardashian on his iPhone to help the debonerizing process before standing up.

"Well, John, I guess we should head home now."

"Hold on, babe, I have to debonerize."
by Dr. Walter Fanchy April 15, 2014
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When a scene or event is of such high eroticism that a full erection cannot be achieved due to the sheer scale of it.
That movie was so hot, it had a debonerization effect
by Zooky2000 May 28, 2013
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