As nouns the difference between hanky and honky
is that hanky is (colloquial) short form of handkerchief while honky is (north america|pejorative|racial slur) a caucasian person.
hanky
English
Noun
(hankies)
(colloquial) Short form of handkerchief.
honky
English
Alternative forms
* honkey, honkie
Noun
(honkies)
(North America, pejorative, racial slur) A Caucasian person.
(US, obsolete) A factory hand or general unskilled worker.
Synonyms
* (white person) See whitey
Related terms
* hunky, hunkey