When a guy is having a phone or internet conversation whilst half-heartedly having a wank. The case may be that he is more interested in wanking than having the conversation. Frequently happens during phone sex/cybersex.
Rob: Hey Jim, you know what?
Jim: What?
Rob: When we were talking on the phone last night, you wouldn't shut the fuck up and I got bored, so I started wanktalking.
Jim: O RLY?!
----------------------------------
I'm feeling horny so I'm gonna start cybering Sarah so I can have a wanktalk.
(n.) An absolute, complete, and unbelievable tosser. One whose existence has outlived their usefulness, like a blanket completely glazed in semen.
Modifiers include, but are not limited to: supreme, shit-sucking, insufferable, etc.
Guy 1: Last week, Nate was being such a shit-sucking wankblanket, I just had to deck him in the face.
Guy 2: What was he doing?
Guy 1: He just kept trying to get me to battle! It was pissing me off.