I think its actually pedrico. Spanish slang for the left over shake(powder) from pressing bricks of cocaine in Colombia. In the states it is usually used to refer to any form of cocaine.
"Give em some baking soda and a little bit of pedico"
by d-boi December 07, 2006
this means cocaine, the illegal narcotic
"I move the pedico quick" as in "sell dope fast"
by shtoops July 24, 2006