A word that can be used in any way possible. It's a word that doesn't mean anything, but means everything. It's a word that is "defined" by its contextual clues.
Boi1: Aye you poonkin?
Boi2: Aaayyyooo, poonker you tellin' me that i'm going topoonking poonk?
Boi1: Nah not poonk, but poonk.
Boi3: Aye, my poonk-masters what's poonkin'?
Boi1: eh, poonk.
Boi2: yea, poonk.
When one is “tripping” due to consumption of THC. More specifically , when one is worrying about something that would be insignificant to a sober person(s)