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1.
Chepo is another word for pussy.

This word comes from Mexico tho.

it is never used cause it is rarely said.
That girl's chepo is very good.

A vete a la verga pinche chepo mammon!
by asunn February 21, 2009
 
2.
Another name for the police in Honduras
Hijue puta ya vienen los chepos.

Son of a bitch those dirty pigs are coming.
by Olimpista April 08, 2008