The act of calling up an elderly woman in the pursuit of oral pleasure, and then following up by taberknackling the phone and the elderly woman's pet gerbal. This can be done (in the case the speedskater is gay) to an elderly man as well.
Robby: "I just speedskated Old Lady Gertrude down the street. You wouldn't believe how good old lady gums and gerbal fur feels on your nuts."

Casey: "Gee wizz...I can't wait til I can speedskate my gramma!"
by Dick Tracy December 20, 2004
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An athlete who speed skates, sometimes made fun of for being homosexual because of the tight clothes the athlete wears while speedskating.

A very cruel nickname.
(some guy see's somebody speedskating)
guy: LMFAOO look at that SpeedSkater WHAT A HOMO!
by Therealmr360beast March 25, 2010
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