An imaginary store like a Goodwill where hand-me-down items can be bought so for so cheap, it's like the proprietor of the business is giving the stuff away. The phrase is used by school kids in L.A. to make fun of the possessions of poorer students, who may wear used or non name brand clothing and shoes. This may be attributed to parents who could not afford to buy nice shoes and/or apparel for their children.
Nice rags, did Poncho's Give-Away have a half-off sale today?
by David R. July 11, 2006
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A neutral colored, rain protectant adorned in marginalized areas mainly in southern California to prevent gang affiliation or set tripping. (and also to stay dry in inclement weather conditions)
Whose this murk-ass trick with the wrong colors on?

-I don't bang no mo' dont you see this poncho? I'm NON active trick!

Was that just big homie in a poncho? I thought he was active.

Is this neighborhood C's or B's? I don't know man I'd go with the "Non-Active Poncho" to be on the safe side
by KanaTheGreat January 3, 2012
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the act of shitting (preferably diarrhea) on ones head; therfore leaving the person with a "dirty poncho"
guy: "I just gave my girlfriend a dirty poncho."

friend: SWEET!
by sirsmokebudzalot August 30, 2011
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Nick...hes an major asswad and always wears this shirt that looks like a poncho...
by poncho hater November 6, 2003
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a baja sweatshirt commonly worn while hitting some kind bud :
hey, you got shit? i see youre wearing your pot smoking poncho, so you wanna hit some?
by comfortablynumb420 September 12, 2010
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killing mass amounts of people with a chainsaw in each hand and wearing a burlap sack with two eye holes cut out.
i went roncho poncho on a welfare line.
i pooped my pants so i went roncho poncho on all th witnesses.
by Along came a diaper March 1, 2004
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