Inserting part of a saxophone into a woman and playing a solo. A reference to Frank Sinatra.
Me and the gf did the Frankie Panky last night.
Sexual activity 'hanky panky' involving at least one person called Frank/Franky/Franko.
"Hey baby, I think you're amazing. Feel like some Franky Panky? I promise I won't respect you in the morning."
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Sexual activity 'hanky panky' involving at least one person called Frank/Franky/Franko and both people have Wanks.
"Hey baby, I think you're amazing. Feel like some Franky Panky Wanky? I promise I won't respect you or myself in the morning."
Receiving a handjob from your partner while they are wearing a budget Frankenstein mask
“Yo bro, last night I had the most epic Frankie-Pankie Wankie, it was an utter monster wank!”