What is Treasure Hunting?
1.
a somewhat vague term, where 2 participants each pick a side - one as the pirate, the other as the sand, and the ass is somehow involved. most likely it involves "teh gay"
let's go treasure hunting, archibald!
2.
The act of exploring a female's body (often whilst kissing the neck region), resulting in finding her "treasure", also known as her vajay, coochie, etc.
Joe: "Last night I went treasure hunting with Jill."
Ponch: "::high five!::"
See