A word that is very versatile. Verb, noun, adjective. In its true form, a ponk is a situation that is of unfathomable hilarity (also known as "lolz"). There may also be a delicious twist of irony that accompanies the event (or may accompany the description of an event). The act of ponking is universal and may be related to "pwning" or "owning." If Ashton Kutcher were to make a new television show, it would be called "Ponked."
Ponking or the event of a ponk often results in a significant amount of QQing or TTing. A ponk is often the consequence of a GG.
Conjugated and various forms include: ponked, ponkyed, ponky, ponking, ponks, ponkage
As a noun,
Me: Remember when we were about to sign a lease to that house?
You: Then some bitches signed in front of us? Yeah.
Me: What a ponk.
As a verb,
Me: Dude, remember that crazy landlord?
You: Yeah we are about to ponk the shit out of her.
Me: That's what she gets for getting us to try to sign a lease without seeing a house.
As a an adjective,
Me: That house over there is very ponky.