Commonly called Xanax (Alprazolam), it's an antidepressant frequently used for recreational uses.

It comes in different sizes, 0.25 mg (white), 0.5 mg (peach), 1.0 mg (blue), 2.0 mg (white).
The yellow pill can often be found on the streets due to the populatiry of Xanax
by Brad Beamon May 11, 2005

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Top Definition
percocet 10 mg. because its yellow and a pill. can also be the anti anxiety pill know as Klonopin (clonazepam). Xanax is not an anti-depressant.
A: you want this yellow pill, 5 bucks
B: whats that?
A: Percocet.
B: HELL YEAH!
by xTc420 July 23, 2009

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"This is your last chance. After this there is no turning back. You take the blue pill: the story ends, you wake up in your bed and believe whatever you want to believe. You take the red pill: you stay in Wonderland and I show you how deep the rabbit hole goes." - Morpheus, The Matrix

The third, unlisted option that Neo could have taken in the Matrix. Becoming uplugged and then deliberately working against Morpheus' plans.

In real life, somebody who 'takes the yellow pill' will deliberately work against the efforts of those who 'took the red pill'
Morpheus took the red pill; now he is enlightened.

Neo took the yellow pill; now he is a dick to Morpheus whenever he can be.
by doggadoggadoo April 29, 2014

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