Green’s Dictionary of Slang

chill-out n.

(UK gay) a (group) sex session.

[UK]P. Hensher King of the Badgers 181: [T]hese evenings of Mauro’s usually ended with a ‘chill-out’, where Mauro and whoever else seemed to be around had sex in twos and threes and fours on a stranger's sofa, bed or floor.