This is in fact a venerable term used mostly in New England by old-timers. Care should be taken when using the term around those with a limited vocabulary, or lacking in knowledge of its appropriate usage. You never know what people like that might be thinking.
A Skunk. The skunk is an American musteline (stinky) mammal typically ejecting an intensely malodorous fluid when it is startled or threatened, or just feeling ornery. Appearance ranges from species to species, from black-and-white to brown or cream colored.
A stink weasel. A critter in fact related to weasels, ferrets, and minks, not all of which are especially stinky, but look out anyway because teeth. Skunk, right? We were just there, right? OK then. Other definitions too interesting to mention.
A critter not at all related to "Busty Granny Having Fun in the Forest". Makes you blush just hearing about it, doesn't it? And not only because of the fuzzy parts.
But really, if you want to know it all, well take a look at: 'Your Skunk FAQ.'
See tabs at the top for definitions and books.
Have anything add? Then try sosayseff+ul@gmail.com
Me? Recently nominated for something by someone, somewhere.