Variation of the term puntang. A gittier form of the word. It is a hybrid of puntang and the word bangorang from the popular movie Hook starring Robin Williams.
G'damn look at all the puntangorang walkin around.
I'm fucking feenin for some puntangorang foo.
Puntangorang I heard!!!
Comes from Tagalog (Philippines) slang term 'putang ina mo' which literally means 'your mother is a whore'. Corrupted into english to mean pussy / vagina.