step 1) place cookie on table
step 2) gather bored guys (preferably frat members)
step 3) get them to stroke it, last one to cum, eats the spooged cookie
where a bunch of guys stand in a circle with a cookie in the middle. and then they all have to ejaculate onto the cookie and the last guy to cum has to eat it. Hence the Ookie.
A group of (usually young teen) males gathers around in a circle and proceed to masturbate onto a cracker or cookie. The last one to ejaculate has to eat the semen-covered cookie...
Ookie-Cookie is hardly ever played for the enjoyment of the players, but is frequently used as a hazing ritual...
"Man, when I played freshman year football those varsity fuckos made us play Ookie-Cookie. Worst of all fucking Obi over there had to eat it..."
1) place a delicious cookie in the middle of a smallish table 2) gather five (5) homos, goodlooking, successful, hard
3) Get the go getter to make the first move as the others willingly compete to make icing
Lookie, those fabulous five sure did use their queer eye to goo gun that cookie cookie!