Doing the research (I *love* this kind of research ;-), it seems that there is no such thing. There is a "Butterfly" (same as "Cowgirl" position), but no "Venus Butterfly" position.

The "Venus Butterfly" position was mentioned on an episode of L.A. Law which probably is the origin of this so-called position.
Source(s):
http://www.sexualpositionsfree.com/shesontopher.html

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The term "Venus Butterfly" originated on LA Law as a sexual technique referred to by married (in the show and in real life) co-stars Jill Eikenberry and Michael Tucker (who played the characters Stuart Markowitz and Ann Kelsey.)

While it is commonly accepted that there was no definition of the Venus Butterfly when the show first mentioned it in 1986, in 2005, writer and sex educator Sue Johanson, defined it as a variant of cunnilingus. It involves using one's tongue on a woman's clitoris, using one's fingers on the vagina and using the other hand around the rectum.
Source(s):
http://en.wikipedia.org/wiki/Venus_Butterfly

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The Venus Butterfly Technique is a sexual technique that teaches a woman how to reach a deeper, more satisfying orgasm. The following was taken from http://www.loveologyuniversity.com/LUPages/VenusButterflyTechnique.aspx.

"6 Steps to Venus Butterfly Technique

1. Pull back the clitoral hood.
2. Stimulate the clitoris with short and long strokes (using your tongue, fingers or a vibrator) until the woman has reached a number 8 on a level of excitement on a scale of 1-10.
3. Move your stimulation away from the clitoris and stimulate the entire vagina in roundabout motions (small roundabout motions and larger ones, using your tongue, fingers, or vibrator).
4. Now go back to stimulating the clitoris as before, using short and long strokes until she reaches a number 9 on a level of excitement.
5. Slip the finger(s) of your other hand palm up inside the woman’s vagina while at the same time tapping the G-Spot (approximately 2 inches inside, on the upper side of the vagina, between the pubic bone and the cervix).
6. Continue to stroke her clitoris (it is most effective with the tongue), while tapping her G-Spot with your hand until she reaches an internal orgasm and an external one which may result in multiple orgasms."

Hope I helped!

=)
Source(s):
http://www.loveologyuniversity.com/LUPages/VenusButterflyTechnique.aspx

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