Green’s Dictionary of Slang

handball n.1

also handballing
[SE hand + ball v.3 + pun on SE handball and balls n. (1)]

1. (US gay) the act of fondling one’s own testicles from the comfort of one’s pocket.

[US]B. Rodgers Queens’ Vernacular 152: fondling the testicles (balls, as in billiards) while the hand is pocketed. [...] handball.

2. (US gay) the insertion of one’s hand and forearm into one’s partner’s anus or vagina.

[US]H. Max Gay (S)language 19: Handballing—fist fucking.
[SA]K. Cage Gayle.