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panama red 

1. High on pot
2. Title track of the 1973 New Riders of the Purple Sage album of the same name
Panama Red, Panama Red
He'll steal your woman, then he'll rob your head
Panama Red, Panama Red
On his white horse, Mescalito
He come breezin' through town
I'll bet your woman's up in bed with
Panama Red
panama red by DKO CW March 26, 2005
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Panathinaikos 

Joke-club, located in Athens, Greece
Ran by drug dealers and lying bastards, always have been taking the long dick of olympiakos at ANY sport. Panathinaikos can also be used as a club for gays and rabbits, aka vazelos.
Ohh we will never win any championship! We are panathinaikos! 😭
Panathinaikos by DRFX August 29, 2018
Related Words
Slang for pussy, snatch, etc.

Made famous in the Van Halen song by the same name.

If you don't know, Panama is a country in Latin America that contains the Panama Canal, which looks like the slit of a pussy on the world map.
1) I'm meeting up with Erin -- I'll be going down to Panama tonight!!!

2) David Lee Roth from Van Halen: PANAMA!!! PANAMAW-HAW--UH-OH-UH-OH!! PANAMA!!!
panama by RexGibson May 12, 2004
The act of defacing a restaurant's restroom by writing the word "Panama" in feces on the bathroom wall in revenge for poor service.
Dude, Andy totally did a panama on stall number two after the waiter took thirty minutes to refill his drink.
Panama by Store Creature June 22, 2009

Panama Red 

Means when someone is so high on weed, marijuana etc. Stoned out their mind
Benny Ben: Hey you need to spike those Focker, you think u can get up there to spike the ball?
MenaceMan: Yeah i can, i would have to be pretty HIGH!!!!!
Benny Ben: I bet you would Panama Red!!!
Panama Red by Ben Asse September 11, 2004

panarchist 

A person who thinks everything rules.
My wife just got hit by a car, but that's okay, I'm a panarchist. You should have seen the way she flew!
panarchist by orkid68 September 30, 2007

The Panama Canal 

When you're standing up, fucking a Latino girl in the ass from behind, and you jam her arm into her birth canal to grab the shape of your penis, and have her jerk it off until cum pours out her ass.
"Ahh maaaan...last night was insane...oh shit I forgot....did you end up fuckin' that old mexican chick?" "Naaaa...I just fed her a handful of expired diet pills and gave her The Panama Canal."
The Panama Canal by Pootie Perez December 2, 2009