ticklement

To be punished by being tickled. Considered a socially-acceptable torture by some and just plain silly by others. Regardless, ticklement is a severe punishment by any standards, as the victim of ticklement will giggle, laugh, and probably kick and scream violently until they wet their pants or pass out from lack of breath; or, on rare occasions, those giving the punishment might run out of energy, leaving the victim gasping for breath while simultaneously wheezing the last few chuckles out of their system.
Note - Ticklement is extremely effective if the victim is ticklish and giggles like a girl.

Haley - "Don't take my phone unless you want severe ticklement."
Dan - "No! Not ticklement!"