I've always said it meaning to trade lovers! However, I don't see that happening too much in todays gay society. It's becoming (at least in my area) a taboo for gays to trade these days because of the HIV/AIDS fear. But, that's what it's called down here. Not sure if that's true for the rest of the world.
I've heard the term "Trade" used to refer to a man who is normally straight, but was seduced by another man. (Who knew what he was doing... ) Bottom