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1.
While "to wank" means "to masturbate", the term "wanker" is seldom if ever used in British slang to denote "one who wanks". It is quite wrong to infer from somebody's being a wanker that they in fact wank (and vice versa), but of course, fair to assume they do in any case. Herein lies the genius of the insult: if you call someone a wanker, it's probably true, but only literally.

I suppose it all originates from our repressed Victorian sexualities, from back when everybody thought they were the only ones to suffer the secret shame of being an actual wanker.

Most children these days learn the word "wanker" long before they learn its literal meaning.
You're such a wanker.
Oh gosh! How did you know?

He lost both of his hands in a childhood kiting accident.
What a wanker!
by anonymous May 31, 2004
7577 1760
 
127.
a football (soccer) official
the referer's a wanker
by beardman September 17, 2003
11 31
 
128.
In Old English, "wan" means pale and sickly, and a "cur" is a mongrel, and also a term for a contemptible person. Hence, a "wan cur" is a sick, contemptible person.

Later misspelled as "wanker".
Tony Blair is a wan cur.
by Andy May 28, 2004
11 36
 
129.
A guy who jerks off without vasoline.
by Osama Bin Brady January 17, 2003
12 40
 
130.
still unclear of true meaning...
you stupid ass wanker
by matt miller November 16, 2002
2 32
 
131.
a gay british term which shall never be used by anyone. ever.
no example. people who use the term "wanker" are not cool by any means
by US RULE! July 10, 2008
11 57
 
132.
A new derogatory name for stupid white people. Not a racial slur so everyone can us it.
"Look at that wanker! He's so...WHITE!!!"
by Doughty July 20, 2004
11 65