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Pledge Exchange 

Special gathering, kickback, or party between pledge sisters/brothers of different fraternities or sororities.
Girl: "LTD's and CHI's had a crackin' ass Halloween Pledge Exchange!!..."

Guy: "Man, i wish I went to UCI or UCLA.."
Pledge Exchange by LTDyouknow April 25, 2011

New York Exchange 

The Godly Sex Manuever that trumps all. (Especially Russian Chili dogs and Manhattan Transfers.) Also, too graphic for words. Only Experience.
John and Jordan attempted the New York Exchange last night. They sucked.
New York Exchange by sara =] February 12, 2009

exchange my water 

When you're thirsty and you have to pee at the same time.
Can we stop into that cafe? It's 100 degrees and we've been walking forever, and I think that iced tea is finally hitting me. I need to exchange my water.
exchange my water by bambi1234567 November 5, 2009

Mexican Exchange 

When something is defective or breaks on you when it's past the date of exchange policy or warranty, you buy another one of the exact same item and then return the damaged item using the new reciept.

*Explained to me by my Mexican-American friend.
Dude: Dang Bro, my USB flash drive just failed :-/

Bro: Dude, just buy another one from Amazon and return the dead one for a refund... it's called The Mexican exchange!
Mexican Exchange by TinyT187 February 11, 2010

Beer exchange 

When you bring your shitty beer to a party and drink someone else's good beer.
Julie: Thanks for the cooler of Meister Brau.

Joe: I'll have another Sam Ultra premium Summer Festabrew.

Moe: I thought you brought the cooler of Meister Brau toxic 12s.

Joe: I did, but I'm taking part in the beer exchange program.
Beer exchange by Bigmoe July 23, 2013

The Hollywood Exchange 

This is a sexual proclivity (fetish) where two individuals decide to come together in the bedroom. During The Hollywood Exchange, these individuals firmly press their anuses against each other. One individual then makes a bowel movement (BM) thereby pushing the excrement in to the other individual's anus.

Repeat as desired.

The name "The Hollywood Exchange" is a tongue in cheek reference to the culture of artificiality and marketing rampant in today's entertainment industry. Often lies and shallow "shit" is passed back and forth welcomingly between assholes.
Danny and Andrew really like to make each other feel great by complimenting one another. One night they decide to take it to the next level. The two gentlemen remove their drawers and press their assholes tightly against each other. Andrew passes a firm log out, and in to Danny's dirt star. Danny grins widely, proclaiming his thanks for The Hollywood Exchange.