An action in which two inebriated individuals knuckle pound one another's fist, with little or no effort. To do so, one must relax the hand to a point where little energy is consumed. Followed thereby with but a light tap of the individuals' knuckles. Thus, a knuckle pound with but a quarter of the energy used regularly.
*Works best whilst in a smoke-filled automobile

Post-script: The use of the word 'dyep' after the quarter pound is used in the most extraordinary of cases.