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When you are shooting your ultra-sexy SKS rifle, and you have a slamfire, firing multiple rounds in a row, and you have an orgasm. It most common with Canadians, as their gun laws prohibit fully automatic fire.
Bang, bang.
-Dude WTF, I fired two rounds in one trigger pu-OOOOOH SKSgasm!
Related Words
Reaching sexual climax (orgasm) by masturbating to something of a sexual nature involving another infront of a webcam (on skype, msn etc).
"I felt so dirty and ashamed. He flopped his cock out on cam and the next thing I knew, I was rubbing myself. I had a mega skypasm".
Skypasm by Macbeth the Wonderslave November 30, 2009
That moment when you wake up, usually hanging from a night on the lash, to sunshine and a foot of fresh pow, causing you to violently jizz in your pants.

This can also occur when watching skiporn, before you shred a line, whilst shredding a line or when you see an absolutely bangtastic female skier.
Skier #1: Mate, look out the window, it's fucking fantastic
Skier #2: Oh my fucking god...I'm pretty sure I just had a skigasm
Skier #1: Let's go shred that shit
skigasm by SuitUp5973829292 April 1, 2013
When a girl in chat is excited to see someone.

Or, an orgasam where it feels so good that you cover your face.
"OMGGGGGGGGGGGGGGGGGGGGG HIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIII"

"Dude she's totally having a Shygasm"
1. when you're so riled up after a ska show that you can't help but dance during the car ride back home

2. when you're really into listening to ska at home that it makes you "happy"
Caroline: Jon, why won't Madison stop dancing... scaring the shit out of me.

Jon: we just got out of a Reel Big Fish concert... she's having a skagasm.
skagasm by aleye92 July 4, 2012