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2.
used when giving praise to an object, something someone said, or an idea, but with things referring to pandas, Enjoi, black and white, or something that is cool and peaceful at the same time.
man1: Is that a panda on your shirt? Panda status!

man2: thanks man.

man1: I'm going to listen to Bob Marley for two weeks straight.
man2: wow that's panda status thinking.
man1: that's not what my mom told me.
man2:your mom's not cool, but your dad is panda status.
by daxterrific April 05, 2010
 
1.
Panda Status is the partaking in heavy drinking, on a consistent basis, for a whole day(more than 12 hours), beginning before noon and ending at least after midnight.

must have a buzz (minimum) throughout the day.

called panda status because you can be fine (white) then black out drunk (black) and go back again and never even know it.

black...white...PANDA
Hey whats up, did I see you last night during Siena Fest? I don't remember, I was Panda Status.
by MrMayo April 26, 2009