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1.
The dance one does when they are too drunk or high to wipe their own arse, let alone try to move with any kind of rhythmic coordination.

Related terms: doing the spung, spungin' it, getting your spung on.
Phil: I was so spannered last night!
Dave: No shit bro, check out this video of you trying to dance to Party Rock Anthem!
Phil: I hate that fucking song...
Dave: Really? Because you appear to be SPUNGING your balls off.
Phil: Shit, I'm totally doing the SPUNG.
by Lord Berrigner Furtuvius Butt March 28, 2012
 
2.
Something that is so appalling and terrible that words cannot describe it
That football player is total spung, I hope he gets shot.
by Appocolyptik December 11, 2006
 
3.
Male ejaculate.
That bitch swallowed all my spung.
by Scott Sheehan October 10, 2003