(Noun)-(Pan tee wayst)One who's manlihood is in question. A Sally. A bitch. Of military origin.
Soldier 1:"Hey lets go find some whores!"
Soldier 2: "No thanks my feet hurt, I just want some chow and a bubble bath."
Soldier 1: "You fucking panty waist!"
The colored stains and biological debri that accumulate in a girls panties over a period of time. Used as a term to describe someone worthless and undesireable.