1. To travel (to some place) on foot. The front tire of my bicycle was totally smashed, so I had to shank it all the way back home.

2. In golf, to strike the ball with the very back of the club rather than its face, causing the ball to veer off in the wrong direction at a sharp angle. He had set himself up to win the tournament, but when he shanked it on the last hole, he new his chance was gone.

3. By extension, to cause any ball to travel in the wrong direction as a result of a misplaced kick or strike. It should have been an easy field goal, but I saw the defensive player rushing toward me and I ended up shanking it to the right of the goal post.