Green’s Dictionary of Slang

of a woman, to provoke a man sexually but to refuse him actual intercourse.

1835		‘The Blue Bonnet’ in Rumcodger’s Coll. in Spedding & Watt (eds) Bawdy Songbooks (2011) IV 264: For she can please you well, / Or she can teaze you well.
1928		C. McKay Home to Harlem 32: Dandies and pansies, chocolate, chestnut, coffee, ebony, cream, yellow, everybody was teased up to the high point of excitement.
1964		H. Selby Jr. Last Exit to Brooklyn 93: Nobody likes a cockteaser. Either you put out or you dont [...] She didn't tease the guys. No sense in that. No money either.