A wanksta is a person that asks like he lives the life of a true gangsta...but the truth is that he don't. He/she tires to act all hard and shit but he/she is jus embarssing himself/herself. He/she thinks he has it all like money, girls, blah blah, but he aint got shit. To sum it all up in one word is that he/she is a big ass POSER. :P
The people by a certain century theater stand there all day with their never seen before jerseys, clean air force ones and all the "bling bling" they own are wankstas.