1.(n.)also known as a bolivian necktie. It is a form of murder most common in prisons where one uses a sharp blade such as an illegally acquired knife or razor blade to cut a "V" shape around the area of the victim where a necktie would be worn
2.(n.)In the drug world it is a form of punishment for not paid their "bill." A gasoline soaked tire(usually of a volvo) is placed around a victims neck which is then lit on fire.
1. Johnny found out that it was Stubby who notified the guards about his secret collection of assorted crude razor blades and had them confiscated. In response he gave him a Peruvian Necktie on his 35th birthday
2. Given the clients excessive and overdue tab, the drug dealer ordered his men to give a bonus peruvian necktie on the clients next shipment of yeyo