To get punked is to have a joke played on you, often in a public setting. An example of punked is to have been tricked by a hidden camera TV show. verb.

Are you punking me meaning?

"Punking"means tricking someone in a way that makes them seem foolish. "Playing" with someone in this context connotes a gentler kind of trick. "Pranking" is not followed by "with". Though it can be used as a verb generally it is used as a noun.

Are we being punked?

To "get punked" is to have a joke played on you by someone, so if something happens to someone and they feel like they are having a joke or prank pulled on them, they could say "am I being punked?"