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Dunk it and junk it 

casual sex you intend to have with another person with no intention of contiuing a relationship. Most likely a one nite stand. Most likely said to a friend about a hot girl.
Man, do you see that ass? I'd dunk it and junk it!

Just dunk it 

Taking a risk; can be used multiple different ways.
“Yo should I ask Carly out?”
Yuh just dunk it bruh!”
Just dunk it by Majebhak hd January 13, 2018
Any sort of monetary unit.
Gimme dat dunkit! or Yo ho, where da dunkits at?
Dunkit by Anthony Cusimano November 29, 2007