What these guys said ^^^^
Just finished bleeding the rear brakes on my newly acquired 8.5 rearend (which has the same style of bleeder as the 7.5's).
The bleeder is recessed, so you can't get a wrench and hose on there to bleed them as you would with other styles. The 5/16" 6 point deep socket will fit on there, but you may have to work it on gently if it's rusty. Then just bleed them conventially, but the fluid will have to dribble out and run down the backing plate so just make sure you've got something underneath to catch it.
When you're done, make sure to pop the drums off, and clean everything up with a liberal amount of brake clean.