Green’s Dictionary of Slang

smoke v.3

[play on pipe n.1 (2a); note synon. Fr. faire une pipe]

[mid-19C; 1960s+] to perform fellatio (on).

In phrases

dick-smoker (n.)

[2000s] (US) a general term of abuse, lit. a fellator.

smoke someone’s bone (v.)

see under bone n.1

smoke someone’s cigarette (v.)

[1930s] (US black) to fellate.

smoke the White House cigar (v.) [the Bill Clinton/Monica Lewinsky liaison]

[2000s] of a woman, to fellate.

In exclamations

smoke it!

[1990s+] (Aus.) an excl. of dismissal or derision.