GNU Collaborative International Dictionary of English

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Found one definition

1.       
   Punk , n. [Cf. Spunk.]
   Wood so decayed as to be dry, crumbly, and useful for tinder; touchwood.
   1913 Webster
   A fungus (Polyporus fomentarius, etc.) sometimes dried for tinder; agaric.
   1913 Webster
   An artificial tinder. See Amadou, and Spunk.
   1913 Webster
   A prostitute; a strumpet. [Obsoles.]
   Shak.
   
   1913 Webster