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Describing something More than cool, amazing, perfect, the best of the best.
"Man, Kolton is Schwanky!"
"I know, can I be like him?"
by SchwankMaster September 22, 2013
A word similar to "swanky," usually used by those under the influence to describe something only perceived as swanky to the drunk.
"Wow, that limo sure is schwanky!"
"That's a taxi."
by Kroger Brand July 16, 2009
Term for a ritzy or high-class place or building. Usually used by people that lack the class to actually ENTER such places.
"That BigBoy's is schwanky like a BITCH!"
by Obi Juan August 14, 2005