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Clink Sink Drink 

While drinking an alcoholic shot, the act of clinking your glass with a partner, sinking the glass to the table, then raising and drinking the shot.
Konefes invented "clink sink drink" while taking a particularly tasty shot of vodka.
Clink Sink Drink by pomtor July 28, 2014
Word of the Day on August 1, 2014

Clink Sink Drink 

Drinking an alcoholic beverage, usually beer, at the same time with two or more people at the beginning of a social party/drinking game. Commonly used at the start of flippy cup, drinking a shot with others, etc.
Ready, Set, Go. Clink Sink Drink. (beginning of flippy cup)

Clink Sink Drink 

When drinking a combination shot, such as an Irish Car Bomb, or vegas bomb, where there is a small shot glass full of booze, and a pint glass half full of beer or red bull; the entire shot is consumed by dropping the small shot glass into the half full pint glass, typically preceded by a cheers. Thus Clink: raise and tap shot glasses, Sink: Drop shot glasses into pint glass, and Drink: Consume the entire beverage.
I bought a round of Vegas Bombs for everyone! Let's Clink Sink Drink!
Clink Sink Drink by nicholas551 September 4, 2014

drink it or sink it 

Referring to one's scale of drunkenness, this is the point in the night when, unless you choose to drink more, you're drunkenness level will surely begin to sink.
Kelly took one look at her flask and knew the choice came down to one simple fact: drink it or sink it.

drink before you sink 

Take a drink of some water or your chosen liquid. Drink you sink your cone!
Blue dream guy: "I'm going to absolutely demolish this cone".
Cewpins: "Drink before you sink!"
The act of washing ones penis in a sink after intercourse because of the inability to shower before the next encounter.
After I fucked that hooker yesterday I had to give my wife the Sink Dink when I got home.
Sink Dink by TIII February 4, 2009