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Is a word that refers to the practise of one person, usually a male, playing with his banjo. In essence to twang his banjo. And if some ladies have banjos, then they can twang them whilst they're on live at the circus. BUt usually the banjo would refer to the knob.
Edmund: Hilary, where is our firstborn Rutland Percival Smythe-Brigstock Jones XIV?

Hilary: Upstairs, playing with one of those god-awful new contraptions from the Americas. A najbo I think it's called. Why do you ask Mr. Smythe-Brigstock, also known as my husband?

Edmund:Is that what that racket is? He'll go blind doing a twanjo on his banjo like Daddy did. That's why I wish to know Mrs.Smythe-Brigstock, also known locally as my wife...and village bicycle.
by Sir Bartholomew McTavish September 21, 2007
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