Pronounced: Pit-zda. A combination of pizda (Russian for "vagina") and a pizza. Also known as a pussy pizza or vagina pizza. Sounds better in the orginal form.
John: "Yo I'm hungry man!"
Bob: "Yeah I could sure go for some pitzda"
John: "Yeah you order the pizza and I'll call up prostitute."
Bob: "Hellz yeah!!!"