What is Spunked?
1.
When a guy spanks or slaps another person with semen on his hand - i.e. just after masturbating.
This is a generally condescending move on par with tea-bagging, and - if executed properly - causes considerable distress on the recipient's end. Do not attempt this on someone that is physically stronger than you because they will perceive it as a sign of great disrespect.
"John was being a real douche last night, so I jerked it to a picture of his girlfriend and then spunked him in his sleep."
"Dude, knock it off or I'll spunk you."
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2.
to waste or lose something ie money
i just spunked all my money on the fruit machines
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