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Originating from a Monty python, splunge is a way of saying that you have no worthy opinion and that an idea could or could not be good. It could also be a quick comeback if you do not have an answer for a question.
Boss: I don't want a yes man and don't disagree!!! Now what do you think about my business plan.

You: Splunge?
splunge by brengera April 2, 2007
"It's a good idea, but maybe not, and I'm not being indecisive"
Q. What do you think?
A. Splunge

(Monty Python film sketch origin)
splunge by Rick Alimonti September 8, 2003
Splunge, there is really no other definition for it.
Slpunge is for Splunge
I need to go splunge.
splunge by Dan April 4, 2004
When You take a shit and a big splash of toilet water comes up and hits your ass.
Dude, I just got splunged.
splunge by nate1993 April 13, 2006
Like a brainfart, but more flurbly.
Sorry about that, I think my brain went splunge for a moment.
Splunge by Dr. Optika March 17, 2004