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1.
A slang term used to describe (a roll of) toliet paper.
Hey Martha! We're out of bungwipe again!
by Telephony November 28, 2011
 
2.
1. an insult
2.toilet paper
1. shut up bung wipe
2. dammit, i ran out of bung wipes
by Pierce February 16, 2005
 
3.
a cloth or fabric for the wiping of one's bung
Damnit, Beavis! Come back here with that candy! You owe me, bungwipe!
by The Mole September 29, 2004