What is the meaning of Punchy?

Having a punch; effective; forceful; spirited; vigorous.

Involving or resembling a punch with the fist.

Behaving or appearing punch-drunk, reacting poorly.

Of groomed snow: unable to support the weight of a skier, especially when the skier’s weight is all on one ski, resulting in a ski punching through the surface of the snow.

Short and thick; fat; paunchy.

Source: wiktionary.org