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dick touching contest 

A situation, act or struggle between two or more people which one or more parties do not wish to continue because it is stupid, pointless, or inane.
We used to hide each other's keys to make the other late, but it was a total dick touching contest, so I stopped doing it.

dick touching session 

Army Infantry term for a pointless meeting (the infantry is all male). The army is also very homophobic and the slightly gay reference of the term is also meant to be derogatory to whoever called the meeting.
LT #1: Man where you off to in such a hurry.
LT #2: The Colonel called another dick touching session to remind us the appropriate method for ordering Hum-V tires again.