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one hand sack basket 

A modest streaker using one free hand to cradle his testicles, propably from fear of having then squished or busted by his legs. This word was probably coined by Daniel Tosh.
Kevin uses a one hand sack basket when he goes out streaking.

One-Handed Sack Basket 

A more modest method of streaking. Where the streaky holds the testicles and if possible the penis with one hand. If ones testicle and penis combo are too large it may require the two-handed sack basket.
Susie-"Did you see Joe's penis when he was streaking?"

Jamie-"No the bastard pulled the one-handed sack basket."

Susie-"I noticed he has small hands you know what that means!"

Two-Handed Sack Basket 

When the One-Handed Sack Basket is insufficient at covering the testicle and penis combo "this problem is most commonly experienced by black men". It may be necessary to use both hands. This is know as a Two-Handed Sack Basket.
Shaniqua "Daaamn you seen Tyron's dick!"

Sally" No somebitch was usin a Two-Handed Sack Basket. I didn't see shit!"

Sackbasket 

The area of a males pants that holds his testicles.
John: Hey what's wrong with Jeff?
Tim: Oh he just got kicked in the sackbasket.
Sackbasket by WhaleC June 23, 2011