I have never heard just "thank;" only "thanks" or "thank you." Perhaps a certain group of friends have started saying it with each other, or perhaps they say it as a joke?
Edit: It is also possible you may have heard someone use the word "thank" in a longer sentence. "To thank" is a verb meaning "to show gratitude." So, you might say:
"Please, thank Mr. Wilson for his hard work!"
Did you perhaps hear something like this? Let me know if you are still confused.