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1. I derogatory term for a nerdy Caucasian(white)person. Not heard much anymore. See also cracker

2. A "game". Squeezing a woman's breasts as if expecting a honking sound.
1.
J.D.: That's one nerdy Honky!

2.
I was playing Honky with Jill's tits last night. Fun as hell.
honky by JohnJacobJingleHimerSchmit December 25, 2007
A derogatory term used against white people by ignorant blacks. They think it is offensive, but any educated person would know that "honky" doesn't describe every person with white skin. It actually refers to people of hungarian descent.
Little Black Girl: "Is you a honky?"

Little White Girl: "No, but you's a donkey!!!"
honky by JLM September 21, 2005
a racistgay white piece of shit that swallows
GEORGE HAYES thomas more school (purley)
honky by fuG nASty May 4, 2005
1. Like the (n-word) but for (white) people
2. Not as bad as the n-word because white people wernt inslaved
3. Can be short formed to (honker),(honka) and (honk)
John: whats up my (honka)
Smith: nothing much my (honky)
Honky by Thehonkykiller February 20, 2020
A dated racial slur for caucasions in the USA. Probably could be considered the counter part of 'nigger' (not nigga).

A less offensive White boy and white girl are used conversational current day.
Homegirl goin' uptown to be with those Wall Street Honkies..
honky by Socialcommentary2000 April 16, 2004
a racial slur usually directed toward those of european decent.
me and my honky friend went to the Gap.
Honky by yellow fever October 13, 2003