skunk guts are a euphemism for a lady's vagina. Pound town is a term for having sex. Therefore taking the skunk guts to pound town is a way of implying that the only part of the woman you are engaging in sex with is her vagina.
She wasn't much to look at, and we all hoped she'd stop talking, but Greg sure was focused on taking the skunk guts to pound town.
Fogey/fogy /fougi/ sl. (early 18C+, orig. Scot) old-fashioned, stuck-in-the mud.
Person with old fashioned ideas which he is unwilling to change: Come to the disco and stop being such an old fogey!
You think me an old fogeyand an old tory, his thoughtful voice said. I saw three generations since O’Connel’s time. I remember the famine. Do you know that the orange lodges agitated for repeal of the union twenty years before O’Connel did or before the prelates of your communion denounced him as a demagogue? You fenians forget some things. (James Joyce, Ulysses. PenguinBooks,1992. p. 38)