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1.
means the same thing as "Thank you", only abbreviated (has an appealing sound to the ear)
Waiter: "Would you like more tea ma'am?"

You: "Yes, thanka."
od uživatele [so] ghetto 05. Září 2007
 
2.
A combination of the word Thanks and Wanker.
Can be used when talking to your boss or somebody else who seems to be getting on your nerves.
"Hey boss thanka for that letter you sent me"
"Oh why thanka"
" Your such a good thanka"
" you ducking thanka"
od uživatele Sopdiedop 03. Leden 2008