Meaning 'the best'- The handkerchief that is better than all the rest - usually with a strong attractive pattern / design that makes it the 'Hankiest if Hankerchiefs'
Bob - "Is that blue and burgandy striped handkerchief yours?"
Derek - "Yeah, it's my favourite"
Bob - "Well it sure is a nice looking one"
Derek "It's the Hankiest of Handkerchiefs"
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