The dance one does when they are too drunk or high to wipe their own arse, let alone try to move with any kind of rhythmic coordination.
Related terms: doing the spung, spungin' it, getting your spung on.
Phil: I was so spannered last night!
Dave: No shit bro, check out this video of you trying to dance to Party Rock Anthem!
Phil: I hate that fucking song...
Dave: Really? Because you appear to be SPUNGING your balls off.
Phil: Shit, I'm totally doing the SPUNG.
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