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Due to the rarity of a panda, this term refers to someone who has a white upper half and a black lower half. The two most rare and admirable traits (usually).

For men, an attractive white girl with a big ass.

For women, an attractive white male (with a secure financial future and possible trust fund) and a big dick.
We're going to that new club to go Panda Hunting , it's a little sketchy but I'm gonna make some bitch call me Steve Irwin
by khartman January 27, 2009