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1. The act of prison rape.

2. To be 'shanked' by a 'fag'.

3. To use your penis to 'shank' someone while incarcerated.

4. To use your penis as an organic 'shiv'.
Dave: Why are you walking so funny?
Sam: I got fag shanked in the shower this morning.

Sam: Why are you naked?
Dave: I'm gonna fag shank you.
by Elbows McGee October 30, 2011
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