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1.
the nickname for anyone who "bandito's your fritos"
Crap, the frito bandito finished off my chili cheese chips
by Stormin' Mormon July 14, 2006
 
2.
A Mexican bandit who used to advertise Fritos. White liberal twits and pantywaist oafs said that the Frito Bandito was racist because it looked like a Mexican, and anybody who saw him would instantly and automatically believe that all Mexicans were bandits, and that they spoke English with a Mexican accent.
I really miss the Frito Bandito. He was quite effective at offending white liberals.
by Cap'n Bullmoose April 23, 2005