The combination of the word "wangster" meaning want-to-be gangster, and "twank" meaning tween skank. This phrase is used in reference to 10-12 year old girls who dress ghetto and have sex with a lot of guys.
That 12 year old girl with the hat backwards, the green bandana, and a gun stuck in the back of her baggy sweatpants who is having sex with three guys at the same time is a wangster twank.
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