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1.
The type of swimming pool that attracts hot chicks a/k/a pussies to a pool party or to hang out by the pool. Pools with built in spas, custom shapes, fountains, waterfalls, water slides, built in wave action or hotel or resort pools with different themes are especially known to attract pussies.
One guy to another: Danny is having a pool party at his place Saturday nite

Another: Major pussy pool! There will definitely be plenty of hot pussy action at his party.
by sarasplayroom.com November 23, 2009
 
2.
The term used to refer to a woman who has several sexual partners in succession, without cleaning out her vagina so that all the partners' sperm mixes. Derived from the idea of "everyone jumping into the pool". Coined by Jonathan.
After the bar, a bunch of us are going to go visit a girl and jump into the "pussy pool"
by clopez November 17, 2007