A girl that is so slutty that you know your taking your chances of getting an STD by tapping that. Shes such a slut that shes like a monkey getting bugs eaten off of her, and such a bitch that shes a cunt. cunt + monkey = cunkey
A sphynx cat, as seen in Austin Powers. They're weirdass lil' critters, which I find particularly similar to small monkeys. So cat + monkey = cunkey. You love it.