The meeting between Preppy and Punk styles. Generally the combination ending in new "fashions" such as Emos and teeny-bobers (people aged 10-12) and girls dressed in poloshirts from Abercrobie and Fitch randomly found in stores such as Hot Topic.
A phoney-bologna fictitious fake non-existant breakfast cereal; the label on the lids of some recycling bins clearly show a box of Punky Crisps cereal but I've never heard of it and I don't know where to purchase this product.