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2.
Noun and Verb

1. An obstacle or problem that can be solved in a humorous way

2. To solve an obstacle or problem in a comical matter

-Word derives from the movie The Three Amigos in which Steve Martin gives a speach saying 'We all have an El Guapo' who was the villian in the movie, but the word over time has come into usage for not a serious problem but a funny one-
He's in a little El Guapo because he has three dates for the same day
by That one crazy kid April 20, 2007
 
1.
1. The nemesis to the three amigos, in The Three Amigos movie starring Martin Short. He throws a pinata party in Mexico and eventually gets his plans foiled.

2. The Mexican equivalent to John Stamos.
I believe everyone has their own El Guapo.
by [JJ] September 29, 2005
 
3.
A modified self inflicted "Dirty Sanchez" involving auto erotic asphyxiation using a belt hanging from the ceiling and wearing a sombrero.
I got bored last night and gave myself an El Guapo.
by Archteuthis Noir January 10, 2010