Spirit; pluck. Considering it is also a vulgar term for semen, it is rarely used in its normal form due to the obviously easy possibility to misinterpret it.
"That athlete shows a lot of spunk on the soccer field"
"What?!"
"He shows a lot of spirit and determination"
"Oh."
Refers to semenal fluid, and also means to ejaculate.
1. If you spunk on the wall, wipe it up!
2. The spunk was stuck to his ear.
A colloquial for ejaculate. Mostly used in Britain.
After wanking for the first time in two weeks I need at least two handkerchiefs to wipe up all the spunk.
to waste or lose something ie money
i just spunked all my money on the fruit machines