A Mexican nickname given to a cultually challenged indiviual with a lip ring who is trying to get into porn!!! He is also friends with Chi Chi and Fresa.
Hey Chi Chi are you hanging out with Panchito tonight? I heard he's making mac n' cheese.
by Regine Filange October 10, 2008
Top Definition
1. Derogatory term used mostly by people from Spain to reffer to any non-white south american.
2. Derogatory term meaning any spanish dialect outside Spain
1. Look at those panchitos
2. Don't speak to me in panchito
by Magicaldia November 07, 2015
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