(Friend walks over there and cusses him out)
Chapulin: "I hear that you were talking shit. Why don't you say that to my face, you pussy ass motherfucker!"
Big L: "What are you talking about? I barely even know you two!"
Chapulin: "Nigga, don't lie to me with your punk-ass self, man, don't make me hobo shank your pussy ass!"
The Shanker shanks the female with their hand in between the breast and shoulder blade, directly underneath the arm-pit. This renders the female paralyzed with pain (similar to the inhumane and forbidden sacking of a male) and then succumbs to the Shankee for a night of blissful love making in the alleyway.
In modern culture, the hobo shank relates to a immature feud between couples or friends in which a "hobo shank" threat is issued to a female, such as a blow to the testicles would be administered to the male.
"Woman, i'm trying to drive the vehicle! Now stop messing around or else i'll hobo shank you!"
You:lalala wow today is really looking to be a good day.
Hobo/random person:-BAM- *sticks thumb in your side with pleasure*
You:What the fuck! Im gona get you back!*hobo shanks back*
Spectator:wow they look silly....