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Spunk is:
a brand of Danish winegum (vingummi) and salty licorice (saltlakrids) - Used to be incidental, but the company now aware of the double-entendre, merchandises T-shirts with the logo on the front. This T-shirt has now prompted the retort of the wearer "better on the front than the back"
Spunk beer a fictional beverage from the Tank Girl comics (set in Australia).
When used as a verb in colloquial British English, to "spunk something away" means to waste or squander.
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