Webster's English Dictionary

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punk

1. punk \'p*nk\ n [origin unknown] [prob. partly fr. 3punk] archaic  1: 
   PROSTITUTE  2: NONSENSE, BUNKUM  3a: a young inexperienced person; esp : a 
   young man : BOY  3b: a young gangster, hoodlum, or ruffian 
2. punk aj : very poor : INFERIOR; also : being in poor health 
3. punk n [perh. alter. of spunk] 1: wood so decayed as to be dry, crumbly, 
   and useful for tinder  2: a dry spongy substance prepared from fungi (genus 
   Formes) and used  to ignite fuses esp. of fireworks