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Quebec, Canada, slang for French-Canadian. Based on Pepsi's early marketing as a cheap substitute for Coke. Early jingle: "Pepsi-Cola hits the spot/Twelve full ounces, that's a lot (Coke had 7 ounces)/Twice as much for a nickel, too/Pepsi-Cola is the drink for you". The slur was that French-Canadians were also cheap imitations.
"These two Pepsis go into a bar..."
Pepsi by Barry March 31, 2005
Coke's bitch.
Pepsi is Coke's bitch.
Pepsi by Wowzies. October 11, 2008
Derogatory term for low class French-Canadians. (based on the preferance and quantity of pepsi consumed)
*girl 1: hey that guy is hot
*guy: Allo-bonjour sexy madame
*girl 2: naw, just a pepsi
pepsi by Ana April 25, 2004
a crappy version of coke,

also it has a terrible after taste,
person 1:"can i have a coke"

person 2:"sorry, we only have pepsi.is that ok?"

person 1:"i dont know, is monopoly money okay?"
pepsi by amkv123 February 21, 2010
Pepsi doesn't have enough Pep, it has more 'Si' also known as Coke's codename, if it weren't for Pep there would be only be 'Si'. Wage the war on Coke my Pepsi brothers, now grab a Pepsi filled with bullets and kill those Coke lovers! WE WILL KILL THEM ALL!
Coke Fan: You like Pepsi? I like Coke Cola.

Pepsi Fan: Now you must die. *pulls out pepsi can loaded with bullets*
Coke Fan: WHAT THE FU- *explodes into a puddle of pepsi*
Pepsi Fan: The Coke fan has shot and killed, preparing for the Great Soda War.
Pepsi by Lebron Tran May 15, 2018
Old man that rides a bike with a Montreal Canadian's tuque and/or jacket.
Guy : Hey! There's Pepsi! Hey Pepsi!
Pepsi : Allo!
Pepsi by Draconix December 10, 2004