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To both masturbate and defecate simultaneously, usually on a lavatory or into a porcelain container.

Many begin to defecate before masturbating, so as to start an uninterrupted fecal flow. Also, it is not a requirement to ejaculate and finish defecating at the same time, but dedicated "shankers" will attempt the 'Snow on the Mountain' technique (wherein the discharge lands on the fecal matter.)

It is not necessary to be nude, but serial "shankers" will usually derobe before attempting a long shank.
Guy 1: "Jeez, you were ages man. What took you so long? Big shit?"

Guy 2: "Nah man, had a good shank."

EXAMPLE 2

Guy 1: "Well, thats me kicked out"

Guy 2: "What did you do?"

Guy 1: "My girlfriend woke up and found me shanking next to her last night."
Shank by Joshmilburnt January 7, 2010
Related Words
to gangster-ly stab someone
yo gangsta imma shank yo if yo dont get muh money!
shank by charknowsall February 11, 2010
verb. typically thought of as a way to hurt someone in prison with a handmade knife. However, it has a 2nd meaning. Shank can also mean to draw a penis. The drawing can be as elaborate or as simple as one would like it to be. But the idea is that the penis drawing is a surprise, unbeknownst to the receiver.
" damn, my notebook got shanked..."

or

"I just shanked your shit"
Shank by PITT KNOWS SHIT November 15, 2011
to beat someone up or to force them to do something.
Jake shanked Ron with a boot.
shank by Payden Keyes February 2, 2005
To covet or steal ones goods
Dude i totally shanked that dudes beer hahaha!
shank by mklizzle April 18, 2006
A Shank is when You Masturbate whilst taking a dump. twice the orgasm!
"Just popping for a shank",
"Go shank yourself",
"Shank-face"
Shank by D2323 December 28, 2007