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A word used for a female. Usually named Lizzy, and attends a university on the northern part of Illinois. Skanka is not an offensive term, though it may seem so because it includes the word (skank) it could be used to referring to your friends.
Hey Skanka! Whats up?

or

Mary: Hey are you going to Katie's tonight?
Ella: Naw, i hear that skanka Lizzy is gonna be there. She thinks she's so cool with her VU phone.
by HuskieGurrrl02 April 01, 2009
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