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masterPEnation 

the process of masterbaiting WHILST watching penile examination video's on youtube, for perferts that like men only.
Joe's a real fagget he was MasterPEnation ing to my dad

Mastertation 

(n): One's master's thesis. A research document written by a graduate student to complete a master's degree.

also (v): to mastertate
Have you finished your mastertation yet?

You betcha! I just mastertated in front of my faculty committee.

Masterbutation 

mass - tur - byoo - tay - shun

1. n. The act of combining masturbation with mutilation. The word is a combination of the words Masturbate and Mutate, although mutation is not part of the process.
"That guy is so badass. I heard he Masterbutates."

"Holy shit, masterbutation just scares me. Call me a bitch, but I just don't think I could do it."
Masterbutation by supermelon928 December 24, 2007