A wankspank is someone who thinks he is so cool but is really the tosser of the town. He will say rude remarks for no reason and be the hugest wanker to all the girls. He will think he is so popular when really he has 25 friends on facebook and gets invited to 1 social event a year, which is back-to-school night.
'Can you please fuck off you Wankspank!!'
'OMG, why would he invite the Wankspank of the town, he never gets invited anywhere'
Adj. Desecrated fabric. Describes undergarments which have aged obeying wearable standards, that you would probably wear to keep yourself from sleeping with either your archenemy, or someone on a first date, you whore.
"The only way you are going to guarantee nothing happens is if you wear some rankadank underwear."