A sensation close to, but not(!) an orgasm.

A jack off buddy (from 'cum' /'come', meaning 'semen', and 'companion'); a friend that you get together with for sessions of solo or mutual masturbation
Variant of: cumpanion (from 'companion' & 'cum'); jack off buddy & wank bud & JO buddy
Similar to: fuck buddy

the unsightly habit of compulsively masturbating in a public setting.

The act of removing a frog from a pond.