Not a jocks game:
A type of sport for the less athletic competorters. A bunch of your pals get in a circle and bounce a paper ball up and down, whoever lets it drop is drowned with insults.
Tom: "Hey, lets have a game of hanky pank
Gav: "No way you're a fag"
by Thomas Machell August 28, 2005
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When you and your bro tag team a married couple and make them scream louder than they make each other scream. Typically culminates in large amounts of sperm covering the married couple who are left quaking on the bed.
Example 1:

“Dude…fist bump…we just hanky panked the shit out of that couple”
“I know, they’ll be cleaning up those loads for a week. Wanna grab some grub? I could go ice cream from the rite aid

Example 2:
“Dude this couple wants us to hanky pank them tonight, but I’m kind of in the mood for a blow job”
“It’s cool man, it still counts if you cum their faces instead.”
by doctordual639 June 23, 2021
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