The word has its roots in Kidlington at the Oxford Airport where employees of an aviation company used the word especially in the end of each month when money was short, just before payday. Example: My bloody pungs haven't arrived yet, its the end of the month looking forward to my pungs/pounds.
"Aye boy why you doh pung the girl?!!!"
"Pung meh nah!"
to be pronounce as if you were to kick a half filled metal bucket of water really hard
a person can often be made fun of using the joke, ping pung (like ping pong) pung pung ( like a term of endearment in some conuntries, but obnoxious as hell to hear your name said hella times) the pung boy/ girl (being said like that makes it known the person cares not to know your name)
dude 2: no its pung, P-U-N-G
dude 1: ohh i see, yeah you're right, it does sound like kicking a bucket full of water, hahaha