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1.
Token, clueless female added to a TV show to fulfil the female demographic, the show having obvious masculine appeal with said female likely to be of more interest to the viewers than some 450HP motor going into an old Chev.

See - "eye candy".
The token cunt on the Rebuilders show managed to break a nail while sanding a panel - and was immediately swarmed with compassionate (and sweaty) male co-workers, offering sympathy.
by sociopath9 January 20, 2010
 
2.
An informal (some might call it vulgar) term used to describe a female who holds a powerful or coveted position only because of her gender. Publisher Larry Flynt first used this term to describe justice Sandra day O'connor of the supreme court.
(The supreme court is) "nothing but eight assholes and a token cunt"
by simonthefag December 09, 2008