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1.
Coined by Jim Sterling of Destructoid. Is said to mean anything and everything. Including but not limited to a chunky anus.
"Don't be such a chungus." Alternatively, "I love your chungus."
by Whidmark December 26, 2012
 
2.
another word for hell
What the hell?!?!?!?

What the chungus?!?!?!?
by benda and evman August 01, 2008
 
3.
Cool, boss, zorch.

Common in the very early 1960s.
That was a chungus 45.
by Cap'n Bullmoose April 23, 2005