This word was created by 50 Cent in the song "wanksta" calling Ja Rule a "waksta".A "wanksta" is a very basic word meaning a person who acts/looks like a gangster or thug, but has never done anything gangster or thug-like besides acting or looking like one. It can be towards any race or ethnicity. The word does NOT imply a WHITE guy acting black.
50 Cent is a GANGSTA
Ja Rule is a WANKSTA
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