squirt cookie
When a bunch of bros are in a circle all trying to jack onto their own cookie. Last one to climax gets to eat all of the now-frosted cookies.
"Dude we played squirt cookie last night and now Phil has a stomach full of jizz-covered cookies."
squirt on the cookie
When a group of males get together a masturbate in a circle towards a cookie. The last person to cum on the cookie has to eat it. See circle jerk.
The guys a Sigma Alpha Epsilon played squirt on the cookie last night.