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It means ... it's a great-idea-but-possibly-not-and-I'm-not-being-indecisive!
Larry: Right. Now I want your opinion of my idea
...
Second Writer: Splunge.
by elsie May 15, 2004
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Originating from a Monty python, splunge is a way of saying that you have no worthy opinion and that an idea could or could not be good. It could also be a quick comeback if you do not have an answer for a question.
Boss: I don't want a yes man and don't disagree!!! Now what do you think about my business plan.

You: Splunge?
by brengera March 27, 2007
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"It's a good idea, but maybe not, and I'm not being indecisive"
Q. What do you think?
A. Splunge

(Monty Python film sketch origin)
by Rick Alimonti September 08, 2003
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When You take a shit and a big splash of toilet water comes up and hits your ass.
Dude, I just got splunged.
by nate1993 February 28, 2006
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