A sophisticated, yet raunchy term for hard liquor, beer, wine, or any combination of alcoholic beverages. The term can be spliced and used accordingly.
Todd: I need John to go to the store and pick me up some Liver Spank.
Gerald: So Gerard. What are you doing this fine evening?
Gerard: It appears I will be Spanking my Liver.
Gerald: I didn't think you had any Liver Spank left!
Gerard: No no. I have plenty of Liver Spank to Spank your Liver with. Would you care to join me?
Gerald: That would be smashing!