What is Gwood?
1.
An erection (real or figurative) caused by the idea that the company you work for may be acquired by Google.
John: "Yesterday, I was talking to Fred and he mentioned that there were some casual chats about how we might work together and the words 'partner' and 'acquisition' came up."
Derrick: "Dude...that totally gives me gWood."
See
2.
the climax of one's sexual experience with another member of the same sex
"oh, my god my boyfriend came over last night and i had my gwood all over his face"