Punily can refer to anything that is little or insignificant. For example, your little brother's punily game of Checkers is likely to be quickly conquered by someone with a bit more brute strength. Another example of punily might be referring to a situation where someone has been dealt a particularly tough hand, or a political candidate who is leading in the polls but seemingly has no chance of winning. In each of these cases, punily emphasizes that the situation is unfortunate or unworthy of celebration.