Noun. An insult used to refer to someone who tries too hard in order to compensate for somethinglacking (i.e. trying to be cool; i.e. Carson Daly). It is often associated with a decreased mental capacity. One of the most vicious insults that can be bestowed upon a fellow human being.
Carson Daly, Tom Cruise, and Colin Farrell are some of the biggest poondaggers in Hollywood.
Poontangerang is poontang that you try to throw away, but it just keeps on coming back.
Rick: "Are you and Bethany still together?"
Steve: "You wouldn't think so. I haven't called her in like a week. I even slept with her sister, but that poontangerang keeps peepin' me up!"