The act of smoking weed from a bong. Mainly used by Australian smokers but may also be used by New Zealanders. The term is derived from the way two fists look like while holding and lighting weed. A "cone" is just the name of the narrow cylinder piece used to fill weed with.
"So, what do you think about the isolation?" -
"Yeah, just gonna lock myself in and just, uhm, punch some cones for a couple o' days."
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