A variation of a "Wet Willy" but where emphasis in the "Wet Willy" is placed upon saliva, the emphasis in the Steamboat variation is placed upon ass sweat.
"Hey Brian, don't Steamboat Willy me while I tie my shoe."
-MichaelNorman
When a person takes a massive rip of a vape, and then blows it ont/into the other persons genitals while giving head.
Dude #1: Bro, I was fucking this fat chick Sarah, and I gave her a steamboat willy
Dude#2: The fuck is a steamboat willy
Dude#1: Just check the urban dictionary