To embark on what appears to be a dead cert but turns out to be horribly and desperately disappointing and humiliates you in front of your friends.
"You wouldn't believe it, Christian did a complete pearcey last week. He took a young swedish girl to St Tropez for a week and spent €40,000 and didn't even get his fingers wet or his cock felt! Loser!"
by Tonto September 16, 2004
Referring to a young man who has homosexual tendencies.
Girl: OMG you're checking out that boy, you pearcey!
by Jekka Jackenson February 16, 2009
^Fuck u dicked pearcey is sorted^
pearcey is mint and hates moshers like austin and jacob and nathan
by ?????????????? April 09, 2005