As nouns the difference between punky and pungy
is that punky is an alternative spelling of lang=en while pungy is a small sloop or shallop, or a large boat with sails.
As an adjective punky
is of or pertaining to punk (touchwood) - soft or rotted.
punky
English
Adjective
(er)
(Geology) Of or pertaining to punk (touchwood) - soft or rotted.
Of or pertaining to the punk subculture.
Noun
(punkies)
pungy
English
Noun
(
pungies)
A small sloop or shallop, or a large boat with sails.
(
Webster 1913)