A cure all for every disease known to man, a rid of evil spirits and diseases, usually achieved by alchemic means.
The Philosopher's Stone is rumored to be able to create a panacea.
by The_Heartbreak_Kid January 09, 2006
White town in near Tallahassee, Florida, the armpit of the world. 6000 inhabitants, 6 employment opportunities.
Dull: "Man, we need to get out of this shithole."
Zeeke: "Dude, how are we gonna leave Panacea without money for gas?"
by crOOk March 15, 2005
Badass club in downtown detroit where you can have mega fun.
Whatcha doin tonight?
Let's go to panacea
by Little Grundle June 11, 2004

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