It can also mean a gay black blanket that shines at night and is commonly used in porn videos. And it could be "small dick".
Word used to define a person that buys those TV ads machines to make gym because he is gay.
Person that has a van with the sign "free candy" written.
2. The Pancho of the alley tried to get me to buy some crack when some dudes began to chase him and beat the hell out of him with a bat.
3. Hey sweetie, come join me in my pancho.
4. I have a pancho.
5. He is a pancho, he can't even make a sit up so he buys stupid crap.
6. That pancho was giving away free candy.
Scott: Thats Panchos!
Jimmy: Bill was causing panchos at the game.
Carl: That lady brough her 4 dogs into the store...
Adam: World Of Warcraft! Is It!
Airyn: Nevermind... that guy is all sweaty.
Adam: Can't be Pancho then, everyone knows Pancho can't get wet.