A funny sounding noise, or something that looks wacky and wonky but in a groovy way. Like an out of tune piano being played or a loud, out there brass instrument. Squonky can also mean having a brilliant time & letting loose, when you're really goin' for it and you're in your element. For example, kids having a good squonk in the park. Or getting squonky to your favourite music, having a good dance and a woop woop boogie! It is definitely a good thing to be squonky.
Refers to a blowjob, often used by girls who don't want to sound like total sluts. This is a different way of saying they like giving head but making it sound cute.
Friend: Do you ever give guys blowjobs?
Girl: Eww, no!. I give them squinkeys because it just sounds cuter and it doesn't make me sound like a total slut if i say it in public.
Friend: Oh..
Girl: Yeah doesn't it sound cuter??! (shouts out loud) "Squinkeys for everyone!!!"