1. A penny or bib that is pink in color and smells bad because it has been sweated in, whether it be vagina sweat or non-vagina sweat.
2. Slang for a woman's vagina, usually associated with the foul smell that is emitted from the female reproductive organ
1. Soccer Coach: Each of you four, put on a pink stinky, we are playing the Clevand Browns.
Soccer Players: No thanks, those bibs smell like Slutty Susan's vagina sweat.
2. Horny Bobby: I would totally suck on Slutty Susan's pink stinky if she would let me.
Normal Nick: Dude, you are fucking sick, her pussy smells like a class-one pink stinky.