Top definition
To go into a state of mass hysteria following a loss by the Toronto Raptors. May also include the flagrant overreaction that occurs after a member of the Raptors encounters a minor injury.
"Scott started to panace after Chris Bosh missed his second straight free throw"

"Some major panace when the Hawks took a 2 point lead, but luckily Andrea Bargnani came through"
by BillH_TDot March 27, 2007
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