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1.
A phone purchased and used solely for the purpose of setting up dates with call girls or escorts;
usually a pre paid, disposable phone your significant other does not have access to.
"I was out of minutes on my poon phone, so I had to use my family plan cell & my wife caught me calling an escort service."
"He uses his poon phone to call escorts when he's out of town on business."
"Smart john's always have a poon phone so their wife doesn't catch 'em calling ho's."
by BBS2 September 23, 2013
 
2.
A phone containing many contacts which provide a good chance of getting some poon/vagina/snatch often made at late night summons. The poon phone is used to arrange clandestine sexual liaisons on an ad hoc basis (just a plain old-fashioned "let's fuck").
Can I use Bob’s cell to get some women over at this party? I hear he has a poon phone!

I have seven sluts on my contacts list; does this mean I have a poon phone?
by PoonDaPoon! May 19, 2011