look up any word, like blumpkin:
 
1.
A slang term for a large labia minora derived from the cliche, "loose lips sink ships."
"Yeah, Stoya's damnfine. But, emm....She does have those ship sinkers."
by James Augustine Aloysius Joyce September 25, 2009
 
2.
Is a person who "rats" out his own "crew." Also known as Ship Sanker
Mark told the cops about the drug deal, man what a ship sinker
by caleb cox October 11, 2007