An annual period of campus-wide partying, drunkenness, crunkenness, and general debauchery at Swarthmore College, where participants form teams and earn assigned point values for ridiculous acts. The team that has the most points formulates the rules for the next Crunkfest. Mystery shrouds the rest of details of Crunkfest, with the intent of keeping most occurrences, acts of dubitable legality, out of the public spotlight.
Person: Did you guys hear about what happened at Crunkfest last year? Apparently some straight guys had sex together for points.
The (often sweaty) part of the man's anatomy that is located in between the bollucks and the ring-hole. Usually home to sparsely populated and wiry black pubes.
I was getting head off Pamela Anderson when all of a sudden she started licking my crunket, I started to giggle and then laughed when I let a wet stinky one go on her chin.. she just smiled and said "Oh your so funny".
Its a festival involving many people getting very crazy and drunk. There will always be large quantities of alcohol consumed and crunkfest and usually strippers.