Planquer is a slang synonym of cacher, “to hide”.

J’ai planqué mon fric dans mon garage.
I hid my money in my garage.

Je me suis planqué quand je les ai entendus arriver.
I hid when I heard them coming.

Une planque is “a hiding place”, “a hideaway”.

Sors de ta planque, je sais que t’es là !
Stop hiding, I know you’re here!

Un planqué is a person who manages to find a job or a position in a non-dangerous place or with few risks.

Tu crois vraiment que prof, c’est un boulot de planqué ?
Do you really think teacher is a job without any risk?

Listen to the examples:

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