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Skyperbation 

1. Mutual masturbation with a friend or partner while using Skype.

2. The stimulation or manipulation of one's own or another's genitals, especially to orgasm, while Skyping.

3. Sexual self-stimulation with the visual assistance of an online partner via Skype.
I was feeling horny, so I got online with my Skyperbation partner to help me out.
Skyperbation helps keep long-distance relationships sexually healthy.
He is a Skyperbation addict and may be in need of a 12-step program to help control his Skyperbating.
Skyperbation takes (personal) relationships to a whole new level.
Skyperbation satisfies the voyeur in us.
Skyperbation by Luv2Tvl May 18, 2011

Skypernation 

The act of being dormant on Skype for a long time.
Guy 1: I never get to talk to you anymore because you're never on skype
Guy 2: Well after Jenny dumped me I sort of just went into skypernation...

Skypersation 

I had a long-ass skypersation with my girlfriend yesterday