An alcoholic beverage composed of 8oz of Smirnoff Ice Triple Black (or your favorite flavored malt beverage, NEVER USE BEER!) and four ounces of tequila. Drink or pour into a cup four oz. from the Smirnoff bottle (leaving 8, duh) and refill with tequila. Cover the bottle and shake, then chug as fast as you can. Drinking the panty hamster in this way is called "Shaving the Panty Hamster."
1. Dude, if you're lookin' to get fucked up quick, let's shave a couple Panty Hamsters.
2. Aaron shaved four panty hamsters in like five minutes, and now he is passed out on the driveway.