A nicer, and sometimes safer, way of calling a female (or your buddy) a cunt. Sometimes softens the blow of using the C-word in public while still pointing out a persons cuntishness.
A combination of the words Coon and Cunt. Can be (A) used in reference to a black vagina or, for Australians mainly, (B) a way to address a black friend
(A): I tore up her coont bro
(B): Person 1: Sup my Coont!