punchy (adj.1) Look up punchy at Dictionary.com
"nervously anxious; irritable from fatigue," 1937, from punch (v.) + -y (2). Perhaps originally a shortening of punch-drunk. Related: Punchily; punchiness.
punchy (adj.2) Look up punchy at Dictionary.com
"full of vigor," 1926, from punch (n.3) + -y (2). Related: Punchily; punchiness.