The name is believed to derive from the Pungoteague region of Accomack County, Virginia, where the design was developed in the 1840s and 1850s.
[1] In form, the pungy is a two-masted gaff-rigged schooner with a main topsail but no square-rigged sails (as found on the related Baltimore clipper).
[2] One peculiar detail of the pungy is its traditional paint scheme of green and pink, the origin of which is unknown.
Its principal usage was to haul freight, particularly perishables ranging from oysters to farm produce.
It was also used for a time to dredge for oysters, but its excessive draft and large crew complement led to its being replaced by the bugeye.