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1.
The art of puncturing a beer can at the edge opposite the drinking side in order to release the pressurized air from the can as you drink it. AKA shotgunning a beer... casually.
"Bro lets go shotgun a beer. Nah man just Frank it. I've been Frankin' it all night."
by LoneWolfpack September 13, 2011
 
2.
franking it is another term for masturbation, usually of the male sort but not necessarily exclusively
Dude, I can comfortably frank it the number of times there are days until we leave for our vacation.
by frankin it November 09, 2010