1. To go off in the woods at night with an older gay man for the purpose of talking about "art".

2. To piss or shit oneself due to alcohol/mucinex intake.

3. To lose every friend you have due to unacceptable behavior and then blame it on someone who "stole your friends"

4. To have a delusional relationship with someone you've never met over the internet. Who in reality, hates you.
1. "Where is that dude at?"
"He's banksin' it with some gay guy."

2. "Dude, I really have to piss."
"Just banks it, man."

3. "Wow man, he really told you that you stole his friends?"
"Yeah dude, he's just banksin' it."

4. "My buddy is getting a movie deal, thanks to his Internet girlfriend."
"Ah, he's just banksin' it."
by TheDoktorJ December 22, 2009
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to sit back, do nothing, relax, or "skate" as you will. also means to mess something up, forget to do something.
GUY 1: yo son, did u remember to plug that cord into the wall?
GUY 2: oh snap...nah man, today im straight banksin

GUY 1: hey are you gonna help us with this or what?
GUY 2: man leave me alone im straight banksin
by bdray July 16, 2009
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