Geared player with all equip = player 1
Freshspawn = player 2
Player 1 and Player 2 met each other at a safe place.
Player 2 punches Player 1 in the face until Player 1 falls down/gets unconscious.
Player 2 now opens via the Tabulator Key (tab) to open the other players inventory. He dont take anything. Just dont move and not taking any Item yet.
Player 1 now press esc key and click on exit to log off. At this point player 2 now needs to wait around 5-6 seconds after player 1 clicked log off (still has the inventory open to see the inventory of player 1).
After 6 seconds, player 2 can now click on every Item in the inventory list of player 1 and drag and drop it to his own inventory.
Player 1 now can log back in and still has all his inventory as before and Player 2 has the same Items as Player 1.