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Equivalent to the term idiot, phank can be used as a noun, a verb, an adjective, an adverb, or onomatopoeia. One can act like a phank, smell like a phank, possess the quality of being a phank, etc. It's an insult if used as a noun.
The actors in that play were so incredibly phank.
the smell of your fingers after she( or for some he) accidentlly sharts while you are sticking it up their butt
dude, smell this finger stained with phank
phank you: A certain way a women with a phat ass can thank a guy.
Did Ashley phank you you last night?? Yeah man, 3 times.
A descreet way to say fuck you at the closing of a letter.
#closingofletter
#fuckyou
Boss,
Thanks for firing me in front of everyone for no reason only so your step-son could get hired.
Phank You
Your Name Here