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Skypesterbation 

When two parties are Skyping and one or both perform self-satisfying sexual acts upon themselves for the pleasure of the other.
My girlfriend and I partake of skypesterbation when she is away on business trips.
Skypesterbation by Jchrizzle July 9, 2010

Skypesturbation

Skypesturbation is the term for masturbating while engaged in communication while using Skype internet telephony; usually involving video.
"This Canadian girl and I have been doing marathon, 3 hour skypesturbation session!"
Skypesturbation by mobbSF November 1, 2009

skypsturbate 

"I love to skypsturbate with my boyfriend."
skypsturbate by imagivr August 22, 2011
A non-offensive combination hand and arm gesture in which the "Skyfister" will clench his/her fist and raise it as if to fight right about to the top of their head and then proclaims "Skyfist!" Typically used when someone pisses you off in lieu of flipping the bird.
Woah! Did you see that jerk just cut in front of me at the beer tent?? That dude gets a skyfist!

Hey! Did you see Abe today?? Her beard was extra scruffy and just for that she gets a skyfist!
Skyfist by Sweet_Melissa December 2, 2010

Skypsterbation 

Masturbating or performing sexual acts while skyping.
My roommate was performing skypsterbation with her boyfriend while the door was open, and it was incredibly awkward.

Skypesturbate 

v.
The act of masturbating while chatting with someone via the online messaging service Skype.
I'm about to go skypesturbate with this totally hot babe from Italy that I met online.

I can't wait to skypesturbate all night with my boyfriend.

In my spare time, I like to randomly ask people to skypesturbate but it is pretty much a guaranteed "ew you're a creep! Stop masturbating you weirdo freak foo face dude!" Bummer.

I'd rather get a Joejob any day, but skypesturbating is pretty cool, too.
Skypesturbate by Power-up April 15, 2011