When you are ass to ass with another person and transfer the shit of the first person, to the other persons ass, you are exchanging the gift of shit.
When Tony and Steve are butt to butt and Tony shits and goes right up Steve's ass, he is giving him a Jerusalem Gift Exchange.
by Buttybutterson March 11, 2018
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When two people playing Call of Duty noob tube each other.
Ray: Did you kill him or did he kill you?
Ziad: Both. It was an Arabian gift exchange.
by dehdjer December 5, 2010
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Much like it's tamer cousin, the White Elephant Gift Exchange, a Black Elephant Gift exchange has a naughty twist. The main idea is similar: all people involved bring a wrapped holiday gift, which will be randomly raffled off within the participating group. The gifts, however, range anywhere from dildos to skimpy outfits/costumes to BDSM items, as long as they are on the naughty side. Black Elephant Gift Exchanges put the /hot/ in hot chocolate during the holiday season.
"I've always wanted to try a butt plug! Thanks, Black Elephant Gift Exchange."
by Acaitia June 24, 2014
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