A phrase commonly used by youthful action sports enthusiasts referring to something that is best, awesome, killer, amazing, or sick.
"
Dude, that surfboard is the Dank Spank!"
"
Bro, that
skate park was the Dank Spank!"
"
Homey, that jump you did on your bike was the Dank Spank!"
"Hey buddy, your boat is the
Dankest Spankest boat I've ever seen!"