This could be about a mother teaching her son appropriate behavior in the context of storytelling. For example, she might be guiding him not to include inappropriate or vulgar content in the stories he tells.
No. It is not a proper English expression. The word 'cum' is inappropriate in this context and makes the whole phrase seem very strange and not at all a normal way of communicating in English.
This is not an appropriate or ethical situation in the context of a traditional relationship. In a committed marriage, having an extramarital relationship with a 'boyfriend' goes against the vows and values of marriage.
One consequence could be that the son might get misinformation. For example, if it's a story about values and the mom makes a mistake, the son could develop a wrong understanding of what's right and wrong.
The most obvious consequence could be the breakdown of the marriage. The husband, if he finds out, is likely to be extremely hurt and angry, leading to separation or divorce.