When you sit on your hand until it goes numb, then you proceed to masturbate so it feels like you are being jerked off by a ghost, or invisible spectral force.
"Man, I was getting so bored of normal wanking I tried ghosturbating... it felt great!"
by Long Tao October 18, 2007
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The act of masturbation when a man wraps his white bed sheets around his penis and masturbates with it around said penis until ejaculation in which doesn't take the sheet off of the penis, then the man then falls asleep with the sperm and sheet making a mold of the man's penis looking like a ghost.
Bill: Hey Jim, I ghosturbated last night and my mold was 7 inches!

Jim: I did it too, but my mold was only 5.5 inches.
by SergeantBooty December 26, 2014
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During Halloween you dress as ghost and get on all fours, you start masterbating while someone sticks a gourd in your ass.
I went to a halloween party and started ghosturbating infront of everyone.
by slap chop December 17, 2010
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