panty dealer Share definition Flag PAN-tee DEE-ler (n) - a gentleman who sells his significant other's soiled undergarments to other gentlemen for fun and profit. "I heard Justin bought himself a new TV, seems he's quite the successful panty dealer." panty dealer by mr & jb September 3, 2006 0 0 Get merch Get the panty dealer mug. Buy Now — $32.95 See more merch