A phrase meaning either "A hole dug in one location that needs to be moved to another location" or a "Loosely defined sexual activity" with the verb "schootch" essentially representing any number of things. (Meaning to be defined by context.) Ultimately, it can and should serve as a double-entendre.

Suggestion: Dig a hole in your backyard in an inappropriate location and let the double-entendres commence!

Over-The-Pants-Hand-Job. Distant cousin of the dry hump.