Punk'd was an American hidden camera practical joke television series on MTV, produced and hosted by Ashton Kutcher, which first aired in 2003. It bears a strong resemblance to both the classic hidden camera show Candid Camera, and to TV's Bloopers & Practical Jokes, which also featured pranks on celebrities. Being "Punk'd" refers to having such a prank played on oneself, and to "punk someone" refers to making someone else the victim of the show's style of prank itself.
Bling-bling (or simply bling) is a slang term in hip hop culture referring to flashy or elaborate jewelry and ornamented accessories that are carried, worn, or installed, such as cell phones or tooth caps.In linguistic terms, bling is an ideophone intended to evoke the "sound" of light hitting silver, platinum, or diamonds. It is not onomatopoeia, because the act of jewelry shining does not make a sound. The form bling-bling is a case of reduplication. The origins of the term are disputed and claimed by various artists ...more

Punked means "bamboozled, duped, flimflammed, hornswoggled."

"Bling-bling," a term for flashy jewelry or other luxury goods, made its way into the mainstream from rap music.