Definition of "punky"

punky¹

/ˈpʌŋki/

adjective
comparative punkier, superlative punkiest
1. (geology) Of or pertaining to punk (touchwood); rotted or soft.
  Quotations
  He said nothing, rousing himself once in a while to go through his hunting gear or repair a packstrap, and he even hollowed out a punky log with a hatchet for some use I couldn't divine.
  2013, Thom Harmer, Going Native
2. Of or pertaining to the punk subculture.
  Quotations
  It was mainly men who attended the event and of the women there, most came with gay men and appeared to be faghags. In fact, when the dancing started, the scene looked more like a punky hetero event, except for the presence of a few queens and fairies.
  1983 August 6, Margaret Cerullo, Marla Erlien, “Dutch Gays, Lesbians Resist 'Family and State'”, in Gay Community News, page 3

punky²

/ˈpʌŋki/

noun
plural punkies
1. Alternative spelling of punkie (“small two-winged fly or midge; lantern similar to a jack-o'-lantern”)

punky³

/ˈpʌŋki/

noun
plural punkies
1. Alternative spelling of punkie (“pumpkinseed fish”)