When two gay men have received semen from the same man.
James: "Manuel, you too were bred by Jack?"
Manuel: "Yeah, now we're spunk sisters, for real!"
blood spunk could be the obvious (shaging a woman whilst its the time of the month) or just a way of expelling anger ....
arrrrrhg you fucking blood spunk .
look at yus you got fuckin blood spunk on me fuckin bed.
hair or clothes waterlogged with spermatazoa
after that gang bang lisa was goddam spunk drenched