Top Definition
When you ask your G/F or wife if they want to have Hanky Panky (sex) and she declines, so you just get a clean hanky or handkerchief and masturbate with it
I asked Mandy if she wanted to have Hanky Panky, and she wasn't in the mood, so I grabbed a blue striped handkerchief and had a Hanky Wanky instead
by Ed kerchief November 19, 2008

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