a combination of lating word for smell funk and distgusting nasty. Used most often in the cases of a person or object that one would not want to be near or around.
David just slid through a tough of cow manure, he is beyond funknasty.
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Funk-nas-ty, adjective. Being incredibly gross or disgusting. Usually associated with perverted behavior and grotesque acts performed by unintelligent people in their teens to mid-20's.
"That band was funknasty, I will never go see them again."
or
"He stuck how many fingers up her ass? Five? Now thats funknasty"