What is Schwanky?
1.
A word similar to "swanky," usually used by those under the influence to describe something only perceived as swanky to the drunk.
"Wow, that limo sure is schwanky!"
"That's a taxi."
See
2.
Term for a ritzy or high-class place or building. Usually used by people that lack the class to actually ENTER such places.
"That BigBoy's is schwanky like a BITCH!"