(NOUN)
A ballbusting term of endearment from one guy to another that accuses them of yanking their penis to masturbate.
Syn: Masturbator Tosser
"Hey, what's up you fucking yank spanker?"
Pingo Spanker is the non-formal definition of someone whom, when sees an opportunity, will scream Pingo, and spanks the person in front of them.
Pingo; is slang for ass.
"Oh, That motherfuckin' Pingo-Spanker hit me."
"PINGOOOOOOH" *Slaps ass*