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yacht clubbing 

An epicurean endeavor in which multiple gentlemen inhabiting the same hot tub comradely coax each other’s members into climax. Or in the colloquial “jerk each other off”. While a yacht is only a preferred venue, top hats and monocles are essential for the proper ambiance.
Gentleman1: I say!: after considering the rather dreary obligation of impregnating my own wife, I really could use a weekend of yacht clubbing!
Gentleman2: Hear! Hear! I second that!
Gentleman3: my apologies, but I’m afraid I must decline. I feel it is not quite my cup of tea.

Gentleman2: poppycock! I’ll have you know that the Prescott family takes great pride in its many generations of caviar-drizzled dick rubs! Only the most unrefined of Philistines would turn his nose up at such decadence!

Gentleman1: My good sir! Has no one informed you? It’s not gay, if you’re wearing a top hat!
yacht clubbing by AnonymousBloke December 10, 2017
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Yacht Clubbin' It 

Dressing or acting as though you belong on a yacht, whether you are rich or not.
Chris: Yo Ryan, you're totally Yacht Clubbin' It in those sweet searsucker pants from Ralph Polo.
Ryan: Yacht Clubbin it?
Chris: Yeah dude, all you need is a skipper's hat and a nice cardigan.