a combination of "wack" and "gangsta".
in other words a wannabe gangsta and a loser
wanksta: i'm a gangsta! see, ive got a wata gun
by ian g. June 30, 2004
Get the wanksta mug.
a term for wanna be gangsters who walk, talk, dress, and act like gangster's, but dont do anything gangster. Dumbass 9 year olds use this term but think only black people are gangster.
Al Capone is white and he was a gangsta

Vanilla Ice is white and he is a wanksta
---------------------------------------------
Cashis is black and he is a gangsta

Lil Wayne is black and he is a wanksta
---------------------------------------------
The Latin Kings are latino and they're gangsta

Fat Joe is latino and he is a wanksta (although I do like that song "Lean Back")
---------------------------------------------

Understand now that gangsters and wanksters come in all color's? I'm talking to you dumbass 9 year olds.
Get the wanksta mug.
A Wanksta is simply a "WANNABE GANGSTA"...ie, someone who WANTS to be a Gangsta but never really does anything to deserve the title.

Wannabe + Gangsta = Wanksta
"He's no real threat...He acts all Gangsta, but he's jist a Wanksta"
by Booya Radley October 27, 2005
Get the wanksta mug.
gangsta impersonator
irv gotti...to much bacardi in his body...thinks he's a gangsta hotty
by _Makaveli January 22, 2004
Get the wanksta mug.
a word NOT created by dumbass 50 cent. Come on now, we used that word when i was in middle school and high school. Eight years before f*u*c*k*ing 50 cent.
by cutie kitty September 3, 2003
Get the wanksta mug.
50 cent is a wanksta. he has been shot but he ain't never done any shootin.
50 cent is calling jarule a wanksta but really he 50 is also a wanksta
Get the wanksta mug.