Similar to the donkey punch, but without penetration of any kind (but still with the punch).
Dude did you see Malcolm Reynolds dryhump that chick?
Yeah! He totally pony punched her!
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In doggy-style, make sure your girl has her hair up. Then, repeatedly punch the back of her head while holding her ponytail. Like a punching bag.
“Yeah last night I got a little too rough with my girl doing Pony Punching Bag, had to call an ambulance…”