Akward Flag Pole
It's when one person puts their fisted hands on top of eachother to make the pole. Another person then puts their hand on top of "the pole" and makes a flag and waves it. It's used in akward or just randomly to get some laughs. Also done when everyone starts doing different kind of akward things, like the akward turtle, blowjob, moose, etc.
After Johhny made his comment we all started doing different akward things, me and Jamie did the akward flag pole to the amusement of everyone.