Green’s Dictionary of Slang

bone dance n.

[bone n.1 (1a)]

(US campus) sexual intercourse; thus as v., bone dance.

[US]Eble Campus Sl. Oct. 2: bone-dance – sexual intercourse: [...] I heard they were bone dancing.

In phrases

do the bone (dance) (v.)

to have sexual intercourse.

[US]Eble Campus Sl. Oct. 2: bone dance – [...] So, are Jane and Josh doing the bone?
[US] P. Munro Sl. U.
[US]D. Jenkins You Gotta Play Hurt 115: ‘You rascal, if you’d caught me in another life, we’d be parallel parked by now.’ ‘We called it bone dancing at Chapel Hill’.
[US]Eble Campus Sl. Nov. 2: do the bone – engage in sexual intercourse.