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In the spirit of Dane Cook, a man sits behind a woman and places his penis betwixt her thighs. He then carefully places a cashew on the tip of his penis, gently pulls his cock down, and lets go- thereby both launching the cashew into the air and slapping the girl's pussy simultaneously. The girl must then catch the cashew in her mouth for the Cashoot to be completed.
It took us many tries until we successfully executed the cashoot.

Past Tense: Cashot.
Cashoot by nutlover July 12, 2007
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cashout land 

When you hit a big win in the casino, take it to cashout land!!

Invented by Sir Kim from the planet DING DING!
Related Words

in cahoots

in partnership with someone who shares your purpose (often secretly)
They were in cahoots with the Mafia this whole time.
Secretly working with someone, usually behind the back of someone else.
cahoots by MoonKnight December 14, 2002

Doughboyz Cashout 

An unreal rap group from Detroit,
Doughboyz Cashout is one of the best rap groups I've ever heard.
Doughboyz Cashout by BossMane June 11, 2011
Grouping up at a party and sitting indian style.
Sometimes referred to as the, " carrot circle."
Commonly done at frat parties.
Carhoot at the party this weekend?
Carhoot by fratparty May 16, 2011
cahoots is a noun meaning:

1.) To be in league with a crime, or conspiracy. Also to mean in alliance with or secret partnership with.

2.)To be a lover, or someone you like very much. Commonly used by someone how is annoyed or displeases with someone else.

(Note: this is slang, coming from the word/slang "ca" meaning: used to express a certain feeling of fondness for a person. Also the words "hoots" meaning: the characteristic cry of an owl)
Examples
"Don't trust anyone on that road there are often robbers that are in cahoots with each other!"

"Where are they? Idk? I bet there off in cahoots some where..."
cahoots by EtanBoy February 23, 2010