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3.
Ankles that are freakishly small, almost non-existant. No ankles = nankles.
Olive Oil, Popeye's girlfriend, even with her big black boots tied they do not securely fit around her nankles.
by lwerner July 13, 2006
 
1.
Nankle is an alias for Vagina, Fanny, Pussy, Gash, Axe Wound, Wet fleshy hole. It originates from the word pum-pa-nankle in the year 2001.
In the situation of a group of Male friends out on the prowl:

"Oi Sidney, I really need to get myself some Nankle tonight"

Or

"Fucking hell Harry, there's a lot of Nankle in this place tonight"

Nankle can also be used as a insult, examples are as follows:

"The Police are nothing but a bunch of Nankles"

or

"Your Dad's a Nankle"

or

"Only a complete and utter Nankle would do that"
by Cid Brown April 16, 2010
 
2.
The meaning commonly known in the fun. fandom (fun.atics, fun.dom.) as a word to label Nate Ruess's ankles.
"OMG NANKLES"
by Bevenia February 03, 2014