A fork of Rural Dictionary
A Krispy Kreme is a deviant sexual act in which a person beholding a penis ejaculates around the asshole of another person. The ejaculate is then left to dry, leaving a glazing in between the sweet cheeks of the ejaculatee. Once the glaze has hardened to the desired consistency, the ejaculator (or others) proceed(s) to gobble the Krispy Kreme resembling sphincter.
Person 1 "Thank you for dinner, is there any dessert?",
Person 2 "Yes, here's a Krispy Kreme Dave and I prepared earlier" *Pulling down pants to reveal shiny glazed rectum*.