Not-quite orgasms

I don’t know whether women experience this too, but I know that men do. I’m referring to an orgasm that almost happens, but in the last moment you just sort of lose your concentration, or whatever, and it doesn’t happen.

But the strange thing is that, in spite of the obvious frustration, there’s nevertheless somewhat of a feeling of completion, and there’s even a recovery time til the next arousal, just like in a completed orgasm.

Can this be entirely explained by the flow of blood into and out of the penis, or are there other physiological explanations?