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1.
Not quite what you wanted but not quite something else either.

Originated from a poorly crafted pancake where all ingredients were halved except for the flour which was accidentally quartered. What resulted was something too thick to be deemed a crepe but way too thin to truly be a pancake.

The word is used to describe life events that never truly reached a participant's expectations level but wasn't exactly a failure.

i.e. The gamble discount scratch off of 20% off at Kohl's as opposed to 30% off but not 15% either.
I got a C- grade in the class; What a pancrepe.

The discount was a pancrepe 20% off.
by ChileanTiger January 06, 2013