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The phrase describes anything that is either broken or fucked up.

(FYI: both words rhyme with "bank")
This fucking rod is gank shanked, it won't fit into the hole anymore.

Alison got gank shanked at the party last night.

by Brizzo55 May 22, 2006
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May 18 Word of the Day
When you think up something brilliantly righteous while baked.
X: I had this great highdea last night
Y: You clearly were philosopher stoned.
by TripleWest September 03, 2012
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2
When one or more gang members rape and shank an innocent business man mainly short ones
by Jeffery Star September 10, 2020
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