Dank pussy is a stoners reference to a stinky vagina. Most commonly girls who have vaginas thats smell could overtake the smell of Pine-Sol clorox cleaner.
Jim: Yo, bro. You tap that girl last night?
Bob: Yeah dude, but it wasn't that good.
Jim: Why not?
Bob: She had a dank pussy, yo. I almost died. I smelled it, and I just stood there dizzy as fuck looking like I was getting ready to take a Mortal Kombat finishing move. :(
by Banoosh March 20, 2011

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