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1.
A rag used for cleaning up the sperm that is emitted through masturbation.
This word may also be used as an insult,relates to TOSSER.
Commonly used in male teenage circles,possibly originating in 1980's.
"I've shot off and haven't got a TOSSRAG.I'll have to use this old sock"
de Mugwump 11 novembre 2004
 
2.
like a sock covered in cum. Good for insulting any old twat that pisses you off ! swiflty followed buy another top notch insult .
Ross: " Did you know, I'm colourblind but only to synthetic colours ! "
Matt: " Oh, your such a toss rag ! Go fuck your dinosaur whore of a mum ! "
de matt w & ross 23 juillet 2006