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Pronounced "Funting." It is the shortened version of fun-hunting.

Fun-hunting is defined as the act of tracking down excitement in all situations...even in scenarios that are already considered fun by most.

Funtzing is of Czech & Irish origin, which explains the silent "Z" and the invisible "H."
A concert can be fun all by itself...but those who are funtzing will also talk their way past security into the VIP areas, find free drinks, and somehow end up backstage after the show.
by Quinnbaseball June 10, 2012