1 definition by Dr. E. Aaron Hes, Phil.D.
From the ebonic stem *sta, denoting any person (gang-*sta, a person associated with a gang), combined with the prefix w-, denoting either, depending on philological interpretation "white," or "wannabe." The section *ank* is merely a corruption of the end of "gang". Sc., a wanksta is a person who claims to be a gangster, but is not.
by Dr. E. Aaron Hes, Phil.D. April 3, 2003