An ego handjob is an exchange of unsolicited compliments between friends that is meant to flatter, affirm, or charm; especially under circumstances in which the mutual feelings are generally already known. Ego handjobs should be mutual and reciprocated.
Two people exchanging ego handjobs:
Friend one: "You are awesome!"
Friend two: "YOU are awesomer!"
Friend one: "Your ego handjobs feel great!"
Friend two: "No way... YOUR ego handjobs are just amazing."