(adj.) Used when bringing attention to something that is mischievous, naughty,
busted,
dank or
hit. Slunky is a substitution word, and can be used in either a positive or negative connotation. One can interpret the connotation of slunky based upon tone, context and emphasis.
ie. "
Mia is heading to Pat's tonight." "Ayeee that slunky."
"That party last night was reaaaaal slunky."
"He
pull skinny ergos." "Oh, shit so he slunky?"