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1.
A cross between, or combined use of, shanking and spanking. Usually performed during or after a sexual encounter; in most cases by accident, however, some are out of anger or disappointment at a preceding exchange of sex that just occurred and left one or both participants unhappy and unsatisfied. A person may shpank their partner by spanking them with the sharp end of a knife, thus stabbing them in the butt, and leaving for an incredibly awkward and painful night. A shpank can also be performed on accident by an attempted shanking that missed, due to confusion of butt location due to saggy pants.
Ouch, my girlfriend shpanked me last night and it hurts when I sit down or poop.
de Fart McBitch 20 août 2009
 
2.
Another word for "Thanks" , usually said by teenage girls . Shpanks is just a more fun/cool way of saying "Thanks" .
Kelly : " Your shirt is so cute!! "
Ray : " Shpanks girl ! :) "
de JustinBieberLoverxoxo 27 février 2011
 
3.
Stupid way to say the word spank, which means to beat someone up. This is one of the 4 main words that people say with a Sh sound instead of a S sound, for no apparent reason.
Zack tried to front on Leonardo but my dude Leo shpanked that boy!
de The Bx41 18 septembre 2012
 
4.
thanks, usually said by teenage girls
Shpanks for the cookies.
de selkie grrrl 7 novembre 2011