look up any word, like cunt:
 
1.
To be made a fool of.
I got punked out by some kid at the arcade, bragging about his skills. And he delivered.
by D. Bruch December 15, 2008
 
2.
Some how give up over Cowardliness
You punked out of a $200 bet.
by Nice Man February 09, 2007
 
3.
dressed to kill in the DIY, punkrock style including but not limited to excessive safety pins, spiked hair, mohawks, chokers, patches, eyeliner, blood, etc.
I was punked out for the show last night.
by kristopolis November 05, 2006