Catracho is a name for a male that has family from Honduras, OR born in Honduras. Just as a Catracha (with "a" at the end) is a female born in Honduras or with family from Honduras. For example, how Mexican Americans have their name which is Chicano, Hondurans have Catracho/Catracha.
Other things can be Catracho or Catracha. In a big type of Honduran music, punta music, people will say "Punta Catracha!!!" meaning Punta music from Honduras.
person A: Hey what is that guy over there with a blue white and blue flag with five stars in the middle?
Person B: that guy is a proud Catracho.
Person A: Did you notice that All White T's Made from Kirkland are made in Honduras?
Person B: *Checks his T* Wow your right! I guess i got a Catracho T. Or Camisa Catracha.
The best soccer team in Honduras. As their theme song says, they are the champions, and are supirior. Sponsored by the beer Salva Vida and Loma. The mascot is a tiger with half red and half blue. They are a really good team.
friend: "Why are you laughing so hard?"
Me: "Some idiot that I bet thought that Espana was going to beat Olimpia and I won 50 bucks!"
Friend: "Im doing a report on the best soccer team in Central America".
Me: "Do a report on Olimpia, they OWN!"