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This is the hybrid of the two words monkey and peanut. Its an affectionate term used to address or take the piss out of a good friend. The old saying goes "u pay peanuts, u get monkeys".
Alright monknut?
monknut by Raydon February 23, 2004
Related Words

mucknuts 

When you have had a crap and the toilet paper runs out and the shit dries on your arse
I really must get home and change my chuddies', the toilet paper ran out and I really need to hack these mucknuts off
mucknuts by ziggyman May 21, 2010
The name of people that can never be a mathematician. Commonly a male name.

"Munnuth your ballistic!"

People named Munnuth are outgoing and optimistic. They have great courage and enjoy drama. They must always take initiative.
They also tend to accentuate their sentences. "stopuhh" "shut upuhhh" Whattttt"
"Hey, Munnuth your delusional."
" SHuT uPUHhh"
Munnuth by SadSpongeBob February 10, 2023