Yet another positive term referencing pussy. There's always treasure inside to be discovered and the treasure you may find should be in giving her pleasure.
Shamus: "So, how'd it go with Lilly last night? Did she suck you off, bro?"
Noel: "Why do I even talk to you...No, she did not. I spent the evening exploring her treasure cave with many a tool I was born with. It was fantastic! Hearing her expressing ecstasy is so awesome! Is your hand still cramped up, you tosser?!"