Can be applied loosely to any part of speech for a meaning of reasons. Derived from "crunk", it can mean something is "cool" or "hip" or just plain enjoyable. It can also pertain to sexual intercouse, usually nasty and degrading to women, focusing on the male ejaculation at the end of intercourse. It can also mean to beat someone's ass or vandalize something of theirs.
Man that party last night got it skrunk.
Mang' I done skrunked all ova' yo' momma's face last night.
I told you not to piss Jesse off. Now he done skrunked yo' car'a.