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1.
a block of time, carefully set aside for the sole purpose of engaging in auto-erotic behavior
Mom: Has anyone seen Rufus? I can't find the little dude.
Young son and Rufus' bro: Check the basement closet. It's monkey time in RufusLand. Ole'.
von drpoonandtheteenangels 27. August 2009
 
2.
The period of time wherein one behaves in primate-like behavior. Typical of male homosapiens, monkeytime behavior includes excessive gestures of attraction towards the opposite sex, spontaneous masturbation, and occassional aggressive behavior towards other males.
"Dude, he's hitting on the girl who's helping him pick out a gift for his girlfriend!! Ha ha ha, MONKEYTIME! EIEIEIEIEIEIEIeeeeeeeeeeeIeIeIeIeIe"
von Monkeymatic 23. Mai 2005