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1.
1. Title given to specific smoking devices (mainly marijuana paraphernalia) that have a knack for getting one extremely ripped off their ass

2. That magical piece/bong endowed with the power to send its owner and his closest friends into space longer than NASA can hold funding
"Brian picked up an ounce of the dankest greenery so it was only fitting we broke out Philip Seymour Coughman and spent the rest of the night ripping bowls and watching reruns of King of the Hill."
by DankB_lank January 16, 2013