Sudaca

A pejorative term used by Spaniards to refer to Latin American people (Brazilians and other non-Spanish speaking Latin Americans would probably not be referred to as "Sudacas").

Now used by Latin Americans to self-identify, as a form of "re-claiming" the word, especially in Spain.

José: ¿Qué le ha pasado a tu móvil?
Juan: «Nada tío, estaba en el metro y un puto sudaca me ha intentado robar el móvil, y se le ha roto la pantalla».
José: ¡Putos sudacas!