1 definition by Lonetexasranger1035

Stands for " Parents Chips & Pop" or "Parent Controlled Party". That means no alcohol, but everything below that is allowed. Not as fun as alcohol parties, but they can be moderatley fun. Usually hosted by teen's with strict parents, younger kids, religious families.
Dale: Did you go to that PCP party?
Kevin: Yeah, it was good, not great, but it was decent. I'm gonna go drink!
by Lonetexasranger1035 March 15, 2010
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