1) Acronym: "King 0f New York" 2)Proper Noun: one commanding a high level of respect or affection from the residents of the New York area. 3) verb: acting outlandish or irreverent.
1) "Chris Walken is the greatest K0NY of all time." 2) "Bartender, K0NY's drinks are on ME!" 3) Oh snap! Eli pulled a K0NY!