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1) pooonkay (adj) when used in conjuction with an elongated pronunciation of good refers to something very positively

2)pooonkay (adj) when used alone refers to something which is either bad or boring or dubious

orginated from the tv show punky brewster but mainly used in northern ireland, though it has been known to be used in scotland and midlands england
1)Kirsty: that was a pooonkay good film

2)Steven: peter told me about the time he went to lourdes- it was a pooonkay story.

michelle: yeah that was a pooonkay story too.

Ciara: this is a pooonkay urban dictionary entry.
by keeora December 31, 2006
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