- punchy (adj.1)

- "nervously anxious; irritable from fatigue," 1937, from punch (v.) + -y (2). Perhaps originally a shortening of punch-drunk. Related: Punchily; punchiness.
- punchy (adj.2)

- "full of vigor," 1926, from punch (n.3) + -y (2). Related: Punchily; punchiness.