To go completely gay (ramming, rimming, sucking, etc ) for a small amount of drugs or money.
Can you believe Jesse actually did that?

Yeah man, he really just got Schwanked!
by Pillowcase911 July 20, 2019
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Chanse: Hey Anika, do you remember that time we caught Oliver schwanking?

Anika: OMG yes! That guy caught him as well!
by Oliver the Schwanker February 7, 2019
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A word that can mean anything and can be used as an insult, pronoun, noun, verb, adverb, interjection, conjunction, adjective, etc. (including every other type of word in the english language)
I schwanked your cake, bleezatch
by jiggidy123456 April 3, 2009
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To Schwank is to Shit & Wank at the same time. It is a good time saving method prior to a night out.
I am just gonna have a Schwank and a shower before we head out
by Muzzy23 May 6, 2014
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the upper mid grade of marijuana bud that can be found for reasonable prices.
Man, the dank was too expensive, but the schwag looked like some poor grade marijuana, so i went with the schwank.
by Nate and Chris September 24, 2007
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Extremely high spirits leading to intoxication from drugs or alcohol; exhilarated or confused by alcohol; crunked; blizted
We are going to get so schwanked on spring break!!!!
by Trista February 21, 2005
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adj.
A word used to describe something, someone, or a situation that is insanely awesome.
"Wow the snow is really comin down hard"
"Hell yeah the pow pow will be schwank!"
by Sun355 April 26, 2007
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