Equivalent to the term idiot, phank can be used as a noun, a verb, an adjective, an adverb, or onomatopoeia. One can act like a phank, smell like a phank, possess the quality of being a phank, etc. It's an insult if used as a noun.
The actors in that play were so incredibly phank.
by Bieber Enthusiast June 02, 2010