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Wankbooking 

The act of going onto your friends' profile, (tends to be males looking at females), going onto their photos and proceeding to masturbate.

It's usually done over an attractive female friend's beach photos and whilst only tools will admit to it, every man has done it at some point.
I don't like the idea of people wankbooking over that photo
Wankbooking by Mr. K to the T January 10, 2011
Related Words

Wank Banking

Verb ( See Wank Bank )
The act of managing the contents of your Wank Bank, be it depositing material for later usage or withdrawing for immediate usage.
You coming out later?
I cant Im busy Wank Banking
Wank Banking by AdamtheDykes December 28, 2010