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an insult or mockery to a person who is being stupid, retarded, annoying, or just "gay".
"Dude, don't be such a dankwagon" or "man.. is he a dankwagon or what?"
by Lareina Kostenchuk December 06, 2003
the equivalent of callin someone an ass or a retard
"yeah, i couldnt go, my parents were being dankwagons"

"damn, is that guy a dankwagon or what?"
by Shortie January 04, 2004