A taxi driven by a Pakistani. To simplify - a normal taxi. It usually involves getting ripped off and taken advantage of when you are drunk.
"Lads, it's been a long, crazy night and I'm smashed. Shall we all grab a Paxi and go home?"
by Mannsy May 26, 2008
In certain areas of England, most of the taxi drivers are Pakistani or Asian. Thus, a taxi driven by said people is known as a paxi.
The stupid paxi driver didn't know how to get me to the airport
by ChiliFreak September 28, 2004