I started calling them Kamikazes and now my friends are calling them that. It's hilarious.
EDIT: Provided a link to a song that may play the next time you encounter an Exploding Shank.
EDIT: Removed unnecessary edits. Also came up with another one...
BOOM SHANKALACKAS! :)
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It goes something like; "NO NO NO NO NO NO NO!!!!!" "Ok it's good I killed it" *dies* "dammit I forgot about the stealth vandals!!!"