The act of crumbling up used paper and shooting it into a garbage class. Usually done in school.
Hey Cara, watch me schwank this in the garbage!
by Branden Panico December 10, 2007
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An umbrella term used for any and all types of off-brand, low-grade audio equipment.
Everybody was hanging out with their systems going then Tom pulled up bumping his Schwanks. What a loser.

Wow, those are some homemade looking speakers you got. What are those, Schwanks?

Whatever, your beats are so lame you couldn't get sponsored by Schwank Audio.
by MastaRoe April 24, 2011
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Shitting and wanking simultaneously. Also known as a Hilary ( Swank ).
Sorry I missed your call, I was schwanking!
by crocodilejackson March 18, 2015
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