A mobile phone with many unnecessary features, usually used by businessmen, or wankers, also people who think they are cool, usually a sign of a small penis. Proper wanker phones will be operated by means of a stylus, or "wanker stick".
A blackberry, what a wanker phone.
Mobile phone. Not commonly used today, but was heavily used in the early days of the device. As the prices of phones dropped the term fell out of favour; another case of Tall poppy syndrome?
Look at that guy talking on his wanker phone; is he that important?!