the button you push on your car alarm keypad that makes the alarm go off
a dog walked up to my car and before he could piss on it i pushed the panic button
by Tha_Cuddla July 23, 2005
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To have sex with a woman in the doggystyle position and pump your finger into her anus simultaneously.
While Travis was having sex with Vicky, he pressed the panic button.
by Oneleggedhomo May 18, 2006
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When you're in the position sixty-nine and one person decides to tongue jack your fart box and the other person puts a finger in the tongue jacker's butt to avoid having to reciprocate.
She started on the shaft, moved to the balls, and then proceeded to lick my butthole, so I "panic buttoned" her ass!
by The Hoff April 24, 2012
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Another word for the term penis/dick/cock.
"Hey did you hear that Sally and Nick hooked up?" - Person 1
"Really, they did??" - Person 2
"Yeah, I heard Nick let Sally play with his panic button" - Person 1
by Booboohay March 3, 2009
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1. When you shoot your partner to prove you’re not in working together.

2. Pretending to catch a criminal in the act that you are in fact working with.

3. Con-artist pretending to turn on each other in-order to dupe the Mark.
1. Richard Rovair used the old Toledo Panic Button tactic and shot his friend then pretended to give chase when the Mob Boss caught them stealing. Lucky for his friend it was only a flesh wound.

2. Tommy didn't almost get shot by accident. Hughes Johnson pulled a Toledo Panic Button on him when when his neighbors came home they found Tommy and Hughes inside their house, and their expensive plants being stolen. Hughes said he heard a strange noise, went to check it out, and saw someone stealing. His neighbors think Hughes is a hero now.

~EmptyFace
by RICHARD ROVAIR of EmptyFace February 28, 2015
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The one that if someone presses it right, and the partner doesn't die, they never have to come up with a Fort Wayne Panic Button or a Flint Panic Button. If you tried to do it with someone you didn't trust though, at least one person could die.
These two guys doing the Toledo Panic Button didn't seem too trustworthy, so the new guy declined when they asked him if he wanted to do it, even if they thought he was a bitch for it.
by The Original Agahnim July 30, 2021
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