What is Greasy Donut?
1.
When one takes his or her finger to his rectum to apply the appropriate "waxy" residue and thereby wipes said finger across another's upper lip. Fyi, The smell lasts for hours.
see also
While being hazed, Hank was held down by his fraternity brothers and given a greasy donut
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the last masturbation before something; death, a long journey, a night out
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