To masturbate, spank the monkey, ejaculate and evacuate, jack off, jizz, or otherwise relive oneself via excretion of sperm from the bologna pony, especially when one's bologna pony is hairy as Honey Boo Boo's mom's back.

ejaculate and evacuate spank the monkey jizz jack off masturbate bologna pony

A portmanteau of carpe diem, a Latin phrase that means “Seize the Day!” and DM, which stands for Direct Messages. This word means seizing the day via DMs.