slang for the word "pal".
You're the greatest squanky in the world!
by Julie December 30, 2003
A super solid person. Someone you can count on, also has the ability to spot all forms of bs. Keeps it real at all times.
Leroy was making bank on those fake Rolex's till he was called out by Renee the Squanky over there.
by Mark A Davis September 20, 2007
Something squishy but is also something you can wank over.
OMG, her but is sooo squanky
by Alphonts August 21, 2014