Wiktionary
alt. 1 The forward thrust of one's fist, as in celebration. 2 The hitting together of two people's fists, as e.g. a greeting. n. 1 The forward thrust of one's fist, as in celebration. 2 The hitting together of two people's fists, as e.g. a greeting. vb. To thrust one's fist forward.
Wikipedia
The fist pump is a celebratory gesture in which a fist is raised before the torso and subsequently drawn down and nearer to the body in a vigorous, swift motion. The fist pump is sometimes carried out in parts of the Western Hemisphere, Europe, and Japan (where it is known as guts pose) to denote enthusiasm, exuberance, or success and may be accompanied by a similarly energetic exclamation or vociferation. The gesture may be executed once or in a rapid series.
Though they are notably conspicuous in sporting activities (especially upon the attainment of a goal or score), fist pumps are present in a wide range of other activities.
Ray Slater, producer on the Bobby Bones Show, set a world record fist pumping for 17 hours and 15 minutes, beating the old record by 15 minutes set by James Peterson.
Usage examples of "fist pump".
He holes the putt and offers a modest fist pump with his right hand, then shakes hands with Heap and embraces his father.