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A Wank of MAMILs. The collective term to describe a group of middle aged men in Lycra who cycle together. It generally comprises of males aged between 40 & 60 years of age wearing matching Lycra tops and shorts. To be a member of this grouping, members must have a bike between $7000 & $10000 in value. These group are regularly found inhabiting cafes in the early morning hours with their shirts undone to their navels and wearing sunglasses that cost more than an average person’s weekly wage. The usual sounds emanating from a wank of mamils involves bravado using terms like “managed funds”, “options trading” and FX rates.
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