Similar to an Eskimo kiss. When two people who know each other have slept with the same person it is said they have Eskimo Fucked. Fucking by proxy.
Pete: "Oh no dude, you slept with Amber?"
Jordan: "Yeah, how did you not know that? You slept with her too?"
Pete: "Yeah dude. We totally Eskimo fucked."
Jordan: "You know I'm not into dudes, but there's literally no one I'd rather Eskimo fuck. Glad it was you dude."