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1.
Basically the same as dank.
Opposite of schwag.
Used to describe high quality marijuana.
Weed that is "the danks" is usually dense, crystally as fuck, potent, and will get you hiiiiiigh.

Often used to refer to other things regarded as high quality or delicious.
1. "Shit son, this weed is the danks!!!"

2. "Seriously man, that iced tea is the danks!"
by Jocie L. Baby April 26, 2008
 
2.
meaning the absolute tastiest; the best; of the highest quality - when applied to marijuana, a.k.k. the cannabis plant
"Did you get a taste of <i>the dank</i> nuggs that Billy Bob has?
by btezra October 24, 2002