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a bunk function or a function that is bunk, referring to a party that is below relative and/or socially agreed upon standards.
“that wack ass party was such a bunction”
To be wasted, blown to the bone or just fucked up. It is usually really funny to see someone who is completely bunction.
Did you see rick last night? He was totally bunction from all that weed he was smoking. Hilarious!