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A "Spankie" is a new member to a group of friends that have been around for a long time (Much like a fire-fighter's Probie) This new "Spankie" must perform mundane tasks that the others do not wish to do.
A "Spankie" cannot be named by their true name until they have done an awesome act of total awesome that will initiate the vote of the group to not call Him/Her Spanky, that or they must stay around long enough to hold seniority over a new "Spankie"
Bob: Hey what's the new kid's name?
Billy: Spankie
Bob: That's his real name?
Billy: To us it is *Looking very awesome whilst saying it*
Spankie: Really guys?
Bob: Spankie go close the door!
Spankie: -Sigh- *Spankie closes the door*
the tight panties worn under the cheerleading outfit.
Are you ready yet?
Wait a minute! I just have to get my spankies on!!
The spandex shorts worn by female volleyball players.
Oooo you guys wear those spankies, eh?
Spandex shorts or briefs usually worn over top of underwear. They are used in many female sports, but the most popular is cheerleading.
Jenna wore dark colored spankies under her cheerleading uniform.
Really tight and short shorts, such as spandex and bike shorts.
I'm wearing my spankies!
Term of endearment referring to a male's masturbatory habits.
Hey, Spanky. You think you can drop that lotion long enough to hit the clubs tonight?
Underware or the briefs worn under a cheerleading or pon pom uniform.
"Wait dont come in yet, I only have my spankies on!"