Comes from the spanish word for PIMP.

A playa of spanish decent. Another term is Latin Lover.
Guy 1: Holy shit, look at that pimp in the el camino
Guy 2: Dude thats a proxeneta, just look at the car, the trashy gold chains, and the taco bueno wrappers.
Guy 1: gross
by Mark April 21, 2005
Get the Proxeneta mug.