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"Pussy," in Spanish.

Me gusta mi reggae
Me gusta Punk Rock
Pero la cosa que me gusta mas es panochita

I like my reggae
I like punk rock
But the thing I like best is pussy

(Lyrics from Sublime - 'Caress Me Down')
by TimboCoc November 21, 2004
Sexy latina, usually young, big breasted and with a round protruding behind.
Hey ese, there were so many panochitas at the Panorama Mall, it was crazy dude!
by Panocha lover July 29, 2004