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panther piss 

A particularly vile alcohol. Worse than run-of-the-mill bad alcohol due to an offending odor or flavor. Often applied to cheap wine, booze, or beer whose only redeeming factor is that it can get you drunk.
Sure, Coors Light is panther piss, but after 6 or 7, you won't care.
panther piss by Old Joe Bob April 29, 2006

Panther piss 

Excellent penatrating oil
I gats a stuck nut! Pass the panther piss.
Panther piss by Mechanical man December 17, 2003

panther piss 

worthless diluted liquid, such as beer or gasoline.
1. I was 17 when I was visiting my cousin in Memphis. He gave me a can of Coors beer. I tasted it for the first time. It tasted like industrial slop water. That or maybe panther piss. The worst beer in the universe.

2. I was driving on the New York State side of the Niagara Falls area and my car's tank was down about half. I wanted to get gaased up on the American side because Canada has a lot of gas brands of their own and I didn't know how suitable they are to my car's engine. I saw virtually no major brand gas stations on the highway, so when I saw a sign leading to a gas station at the Ticonderoga Indian reservation I took the exit. I fueled up, the gasoline brand was exclusive to the Iroqouis Confederacy. I was afraid that I was tanking up with panther piss but the gas was really good. My car operated nicely. No bucking and snorting. No problemo. Later that afternoon I crossed the border into Canada, where the hotel I reserved a room at was located.

Panther Piss 

A bar on the corner of 4th and Lincoln in Charleston, IL. A place where Irish car bombs come in plastic cups with plastic shot glasses that won't sink to the bottom of the beer and cost $8. Formerly known as Styx.
Hey dude. Let's go down to the Panther Piss and get some $8 Irish car bombs.
Panther Piss by ElMonoDelMar January 7, 2008

Panther Piss 

Fuel additive tested on the SR-71 Blackbird to reduce infrared emissions by ionizing the exhaust plumes.
USAF F-15 test pilot: WTF I can't get a lock! That damn panther piss in the SR-71 is screwing up my IR detectors!
Panther Piss by qwsedlfgnb July 26, 2009

Panther Piss 

What's the point of Diet Panther Piss? I want the leaded stuff.
Panther Piss by gradynubb November 24, 2010