a derogatory british word describing the gentle art of masturbation often misused by americans. Hence:
1)wanking- not wanking off
2)wanker- not wank
3)a situation can be a wank
1) i was wanking (when my mother walked in). i had a wank.
2) Graham is a wanker. Americans are wankers.
3) That was a wank(the film, lecture, class, job interview etc).