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Definitions by Jiggle Monkey

Spank the Midget 

An act that marks the beginning of the end of a once successful career. Inspired by the artist, Miley Cyrus, when she brought midget back-up dancers on stage only to spank their tiny heinies.

Similar to the phrase, "Jump the Shark," coined when the character Fonzie water-skied over a shark in the hit show, "Happy Days." This episode was the epitome of a show losing ratings and resorting to desperate acts to raise view counts.
Britney Spears is going to spank the midget by going to Vegas.
Spank the Midget by Jiggle Monkey September 22, 2013