In slang, "gooning" primarily refers to a prolonged, intense state of masturbation where a person may masturbate for hours without ejaculating, often entering a trance-like or hypnotic state of pleasure. It involves losing oneself completely in the moment, sometimes with loud vocal expressions and a highly focused, almost meditative experience. The term is related to edging but is distinguished by the emphasis on this "goon state," a deeply immersive and euphoric sensation akin to a trance. Additionally, "gooning" can be used more casually in slang to describe being overly excited or obsessed with something in a non-sexual context, often in a playful or exaggerated manner.
There is also a totally different and unrelated meaning of "gooning" in a more serious context, describing a form of legal kidnapping where troubled teenagers are forcibly taken to rehabilitation centers by men called "goons," but this is much less common as slang.
The primary slang understanding today is that of the sexual/pleasure-related meaning.