1) Fishing vessel 
The pungy i is a type of schooner developed in and peculiar to the Chesapeake Bay region. The name is believed to derive from the Pungoteague region of Accomack County, Virginia, where the design was developed in the 1840s and 50s. In form, the pungy is a two-masted gaff-rigged schooner with a main topsail but no square-rigged sails (as found on t...
• (n.) A small sloop or shallop, or a large boat with sails.
Pung'y noun [ Etymol. uncertain.] A small sloop or shallop, or a large boat with sails.