1) that would be dumb. Get a hub (maybe a USB hub, if you don't have NICs?)
2) that will confuse the cable modem and may not give one or the other a connection
3) I don't think cables like that even exist without splicing
If you're set on using the USB connection to the modem, use a nic in each computer and connect with a crossover cable (cheapest method) or get a router and put it between the cable modem and the 2 computers (the most functional method)
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