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Celebratory sex, similar to giving a "High 5," a low one is meant to congratulate someone for an achievment with sexual favors.
After getting a big raise at work, Jeremy's wife suggested celebrating with a Low One
Low One by Sheepdog_18 May 22, 2009

one hung low

man my one humg low is at least anotther 3 in. lower than the first
one hung low by CBS February 15, 2005

Half-way Low One-finger High-five

When two people, both equipped with a penis, smash their genitals together in a short clap, much like Docking
guy A: "I sure would like to give that man a Half-way Low One-finger High-five, if you know what i mean..."

guy B: "I have no idea what youre talking about..."
An act which fuses the raw power of the pelvic thrust with universal symbolism of the high five. In effect, two males, usually Bros will pelvic thrust at one another, making their shafts collide in a meaty power-clap. It should be noted that as balls are not touching, the Low One is acceptably straight.
Hey bro, nice job! Give me a Low One!
Low One by greekjesus September 6, 2010

one hung low

Did you know that the sorry bastard that has been on night crew for years has a last name that means One Hung Low in a sushi language?
one hung low by ben-wah! June 10, 2003

one-lowmanship 

The reverse of one-upmanship, one-lowmanship is practice of successively outdoing a competitor by spending less, having less, or doing less. Originated on Offbeat Bride to describe the indie-er than thou, DIY-er than thou, lower-budget than thou attitude that nontraditional brides can sometimes slip into.
Then she said, "You call THAT a low budget wedding? My wedding budget was $15, and we managed to feed 115 guests." It was totally one-lowmanship.
one-lowmanship by qver April 22, 2011