The act of crumbling up used paper and shooting it into a garbage class. Usually done in school.
Hey Cara, watch me schwank this in the garbage!
by Branden Panico December 10, 2007
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Chanse: Hey Anika, do you remember that time we caught Oliver schwanking?

Anika: OMG yes! That guy caught him as well!
by Oliver the Schwanker February 7, 2019
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To Schwank is to Shit & Wank at the same time. It is a good time saving method prior to a night out.
I am just gonna have a Schwank and a shower before we head out
by Muzzy23 May 6, 2014
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To go completely gay (ramming, rimming, sucking, etc ) for a small amount of drugs or money.
Can you believe Jesse actually did that?

Yeah man, he really just got Schwanked!
by Pillowcase911 July 20, 2019
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Extremely high spirits leading to intoxication from drugs or alcohol; exhilarated or confused by alcohol; crunked; blizted
We are going to get so schwanked on spring break!!!!
by Trista February 21, 2005
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adj.
A word used to describe something, someone, or a situation that is insanely awesome.
"Wow the snow is really comin down hard"
"Hell yeah the pow pow will be schwank!"
by Sun355 April 26, 2007
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To schmooze with a bunch of wankers (popular term in Australia for people who are tossers, big-noters etc.) - hence "sch-wank". So you use the word to explain that you have to spend time sucking up to people you don't particularly like or rate highly, usually for business purposes.
"I spent last night schwanking at the Annual Marketing Awards."
by Nicko Longabaugh May 29, 2009
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