A girl you can toss away, who always comes back... for sex. Often a girl who leaves town but comes back once in a while to visit.
Deb went back east to go to college; I didn't want her for a girlfriend anyway, but I'll let her be my poonerang.
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When a guy breaks up with one of his girls and moves away, but comes back and has anal sex with her in the back door...by which I mean her ass.
Poonerang is a portmanteau word created by fusing poon with boomerang.
"Remember Karen? Well, I totally got some of that poonerang off of her when I went home for Thanksgiving."
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She got that boomerang vagina keeps cummin back for more.
Bend her like a boomerang, head down low. Punerang.
She gonna get used like a poonerang .