1) often used in euphemism to ask if someone would like to give you for oral sex.
2) alternatively, a covert way to inform someone that you are quite displeased with someone and would like to shove your privates into their face
1) It's kindof crowded in here... you wanna go someplace else for a private conversation?
2) Nick: What are you guys whispering back there? Is it a private conversation?
Joe: How 'bout I come up there and shove my balls in your face? Then it'll be a private conversation!!
I'm running a little low on fundage so I'll have a coinversation with my moms and maybe I can go to the movies with you on Friday.
My boo had a little coinversation with me after I bought the Christian Louboutins last week so I'm gonna have to take it back to WalMartfor a minute.
Hey man, have you seen Donna? She asked me to loan her money for a week and it's been a month since then. I hate to get all loan shark on her but we need to have a serious coinversation.