I have no idea whether this is real or not, but it certainly isn’t safe for work. As Metafilter puts it:

The Joydick is a wearable haptic device for controlling video gameplay based on realtime male masturbation.

Heyho’s comment cracked me up.

I’m comforted by the idea that any guy who’d be interested in this would also spend the bulk of his time at home. Instead of being outdoors, where I may be.

As did Rhomboid’s:

Something something Cock Band.