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Panama City butt moustache 

It's a tattoo on your lower back just above your butt crack. A.K.A. Tramp Stamp
OMG girl I love your new Panama City butt moustache.

Those shorts really show off your Panama City butt moustache.

Butt Mustache 

An inordinate amount of hair growing in one’s butt crack near the tailbone
His butt mustache was as thick as Tom Selleck’s facial mustache!