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1.
Taking a short nap or short snooze.
Luke, I'll take you skateboarding after I catch 40 winks.
by John95126 February 20, 2007
 
2.
verb ; when one drinks a 40 oz of ale or malt liquor, also known as "beer", and immediately acquires a slight wink in either eye.
she so had a 40 wink in that picture
by lordofthewinksTS May 05, 2011