Same as "69". Said when you want to appear clever to your friends. Or used when you need to say it in front of other people for a bit of stealth conversation.
Scene-crowded diner

Waiter: You boys need anything else?

Boys: No thanks.

waiter walks away

Bill: Hey, did you ever mess around with that bird from Club Strange that was hitting on you?

Fred: Oh yeah- we got into some "70 minus 1" at an afterhours I saw her at last weekend.
by johnnyorbit April 24, 2007
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