hanky-panky /ˌhæŋkɪˈpæŋki/ noun4 •Mischievous behaviour; dishonest or shady activity.I think there was some hanky-panky with the last election. •(informal) Amorous behaviour, making out, necking, sex or other sexual activity, especially if illicit.I don't wanna cry / I just wanna hanky panky / Nothing like a good spanky — 1990 •(informal) A debaucherous act; a sexual act that is considered inappropriate. •A cocktail made from gin, sweet vermouth, and Fernet-Branca fernet. formshanky pankies · hanky-pankies