A contraction of "wack-ass gangsta" used pejoratively to label those who purport themselves to be ganstas but who are simply posing as such.
You said you a gangsta
But you neva pop nuttin
You said you a wanksta
And you need to stop frontin'
You go to the dealership
But you neva cop nuttin'
You been hustlin a long tyme
And you ain't got nuttin
-- Wanksta, 50 Cent
by ghowles March 23, 2003
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Someone who doesn't live in the ghetto who tries to be hard by attempting to intimidate everybody, sagging there pants to their knees(literally), and talking like they dropped out of school in pre-school. I don't see how wearing expensive, feminine clothes(that they're mama bought) makes you hard.Most the dudes probably take longer to get ready in the morning than their mothers.
My suburb is full of dudes who's families obviously have more money than I ever will, go around discriminating against ppl who aren't molding into society like they are and they think they're pimps b/c they got a new Roca Wear shirt on clearance at JC Penney's. For more see poser and feminine
by dave mathews July 19, 2005
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Originated from within the early ghettos of Los Angeles in the early 1990's. When the rap and hip hop culture became famous among teens. Most claimed to be gangsta when infact, they were nothing more than scene kids, some stayed with the fad, others moved to newer fads such as the "emo" scene. Originally was created by the African Americans later was adopted by the Native Americans and later by Hispanics.

Broken down contraction of: Wack-Ass Gangsta

Usually white, wearing " gangsta " clothing brands and most likely grew up in a above middle class neighborhood. Though most claim to grow up in the ghetto side of the city, 99% of them have never seen a REAL ghetto. Most Wanksta's claim to be gangbangers or thugs when in reality, they are nothing more than kids who are attempting to rebel against something their parents didn't want them to do.

Sadly, most Wanksta's think it's cool to be a gangbanger. In reality, most REAL gangbangers wish they werent in the situation they are currently in and probably will always stay in.
I am a gangsta, I grew up in the ghetto. My parents didn't get me that "I-POD Nano" for christmas, nor those 200$ shoes. I don't wear baggy pants, I don't say "nigga" or talk like a fucking retard.

"Hey, check out that wannabe wanksta"
"Oh snap, that wanksta is getting jacked"
by Mulphia December 29, 2006
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gangsters are from the “hood”; wankstas are from the suburbs.
Hey dude look at those Wankstas tryin to be Gangstas
by Murray3128 September 7, 2006
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A "wanksta" is a very basic word meaning a person who acts/looks like a gangster or thug, but has never done anything gangster or thug-like besides acting or looking like one. It can be towards any race or ethnicity. The word does NOT imply a WHITE guy acting black.
Al Capone is a GANGSTA - white guy
Ja Rule is a WANKSTA - black guy
by Jimmo July 7, 2003
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