Another term for a "boom boom room" or somewhere where there is an assortment of women and sexual activities going on and on an ongoing basis. A strip club could be considered a "poon palace" as well as a brothel, an after hours spot or a party house where there are known to be lots of hedonistic events on a regular.
"oh you done turned this motel into yo own lil poon palace, huh patna?"
A trip to a grocery store, convenience store, or gas station for the sole purpose of buying an excessive amount of junk food and sugary drinks, usually with friends. A chud run often happens late at night and ends with everyone involved hating themselves afterwards.