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1.
When a texter proudly adds superfluous punctuation to their text only to find that a follow up texter has added even more superfluous punctuation to their text, thus rendering the initial texter a fool.
Example of punk'd(uated):

Texter 1: "Damn girl, you sure look fine!!!"

Texter 2: "Damn girl, you sure look fine!!!!!!!!!"

Girl: "Thanks Texter 2, you're sweet. Let's hook up"
by LBJ surfer June 17, 2013