to fill up your ass with air and slap someone with it letting out a fart in the process

A jack off buddy (from 'cum' /'come', meaning 'semen', and 'companion'); a friend that you get together with for sessions of solo or mutual masturbation
Variant of: cumpanion (from 'companion' & 'cum'); jack off buddy & wank bud & JO buddy
Similar to: fuck buddy

When you fill your butthole with air, slap someone with it and a small poo comes out.