Split Pole

“Split Pole” is an internet slang term that refers to the act of dividing or sharing the cost of something equally between two or more individuals.

Examples:

When dining out with friends, it is common to split the bill. If everyone agrees to pay an equal share, you might say, “Let’s split the pole for this delicious meal.”
Imagine you and your friend are shopping for a gift for a mutual friend’s birthday. You both contribute financially to buy the gift, and in this situation, you could say, “Let’s split the pole on this birthday present.”