put and take, n.¹ — Green’s Dictionary of Slang

put and take n.¹

[the ‘backwards-and-forwards’ movement of intercourse]

sexual intercourse.

1931

J.T. Farrell ‘Merry Clouters’ in Fellow Countrymen (1937) 398: ‘How about a little put-and-take, girls?’ Hennessey suddenly said.

if you’ll put you’ll take

a phr. meaning, in the context of homosexual intercourse, those who take the active role will be equally satisfied with the passive one.

1953

T. Runyon In For Life 100: It’s probably a stew-for-beans proposition between him and that gunsel — for my money, if you’ll put you’ll take.