The term used for Hispanics working for US Customs (i.e. Border Patrol)
Jim: Hey! I didn't know there was any Mexicans on the Border Patrol!
Larry: Oh yeah, That's an Agent Pancho alright!
A very horrible sounding hardcore punk band that people listen to only because OFWGKTA (Odd Future) supports their music.
I used to hate Trash Talk, but then I found out Tyler The Creator listens to their music so now I love their shitty music!