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The term used to describe a facial expression, or more to the point, positioning of the eyes when munted.
There are many veriations of the Bonk-Eye, see the example below....
The JT Bonk-Eye:

Left eye pointing to the right at an angle of 32 degrees
Right eye pointing upward and protruding slightly
Bonk-Eye by BenJay June 16, 2004
A girl who has a very big and jiggly ass.
Damn, that girl has a bonkey.
Bonkey by TruBiDoR July 30, 2009
We got totally bonkered!
Bonkered by Tinman April 2, 2004

Bonk Eye 

Means a person with wonky eyes, one looking at you, one looking for you kinda thing...
Damn that girls a bonk eyed bitch! I never know if she's looking at me or looking right past me!
Bonk Eye by Drewy2008 August 1, 2008
If you are a bonkee, you are a hoe.
Typical high school guy jokes...
Ex. Reese yelled, "BONKEE!" to Mckenzie, and she got pissed off.
bonkee by 10914zf October 26, 2014
1.Rare insects found only in Lacon, Illinois in '97.
2. Discription given by socially ackward gangley guys to describe an unknown insect that is pestering him, while smoking a cigarette.
3. Something Jake Bo will always chuckle at.
Ah!! OH MY GOD, NO!!! BONKEYS!!! AAAGHHH!!!
Bonkeys by ThE LaTe JC March 24, 2005