Meaning 'the best'- The handkerchief that is better than all the rest - usually with a strongattractive pattern / design that makes it the 'Hankiest if Hankerchiefs'
Bob - "Is that blue and burgandy striped handkerchief yours?"
Derek - "Yeah, it's my favourite"
Bob - "Well it sure is a nice looking one"
Derek "It's the Hankiest of Handkerchiefs"
to be the highest degree of something classified as honkey...the word "honkey" plus the superlative adjective "est" combine to form a degree of honkeyness rarely seen in urban culture
with chris kaman, steve nash, and david lee on your fantasybasketball team you might have the honkiest team ever.
"What's up with all the HILLYBILLY HANKIES? These people know the Civil War's over, right?" -Dean Winchester, Supernatural, Season 8, Episode 6, "Southern Comfort"