1)It refers to pussy or vagina.
2)It can also be used to refer to any 'action' with females.
3)to be used as a term describing emasculated, pansy boys.
2) You get any poonz last night boyo?
3) Jeez ur such a poonz Thomas!
Hench my poonz
Bare my poonz please
Poonz and tipsy are hench
Poonz and tipsy are bare
poonz and tipsy are gansgter
Poonz and tipsy will be presidents
Poonz and tipsy are gods bow to us.