Yet another synonym for White Trash. Not all pepsi drinkers are white trash, but if you go to a WT home, you'll likely find Pepsi as the non-alcoholic carbonated beverage of choice.
That damn Pepsi Drinker on his Nextel just won't shut the fuck up.
Yet another derogatory name for an African American. It goes along the same lines as porch monkey, negro, black folk, canadian, etc.
Get that pepsi drinker his corn bread and chitlins before he start actin a fool.