A nickname for soemone who is truly awesome, classy, fashionable, "off the hook" or dope. An excellent nickname for someone who can only be described as "swank." Also may be used as a mysterious pen name for such things as school newspapers or comic book art.
1.Ben: "Hey Jim, why do they call that girl Swanky McSwankster?"
Jim: "Well Ben, she is just too swank for anything else."
2.Ben: "That girl is so swank!"
Jim: "Yeah, she's a real Swanky McSwankster."