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2.
A disgusting looking penis. It is a long worm, usually just sitting there. It looks like dead skin.
Steven was doing pushups, and his schlinky fell out of his pants.
by SoH leader March 23, 2011
 
1.
n. pl shlink.ies

A combination of the word schlong and the once popular toy slinky. It is a name given to a small penis often because of its shriveled up appearance. The term is the opposite of a schlong.
Milkman was about to bang that chick at the party but she refused once he unveiled his schlinky.
by the master of many tongues September 23, 2010
 
3.
A word meaning the best of a group of players in an XBox live game. For example, if a group of people were playing Call of Duty, on the XBox, the highest ranked person in the game would be Schlinky.
I had Schlinky in my game earlier
by Oo Schlinky oO September 22, 2009
 
4.
Originates from the Cape Town term which relating to a special group of people. Similar in meaning to shiznit.
The incuBeta shlinkey's are the bomb!
by incubatorian March 11, 2005