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An exclamation that originates from shit-housed nights (or days) during Spring Break in Panama City Beach. Panamaul encompasses the trashier side of drunken nights that are usually followed with shit-faced stories. Also typically used, while hammered, in response to any question outside of PCB.
"Jared kept yelling, "Panamaul", when I asked how much he's had to drink and who the girl was."

"Tyler always ends this story with a shake of his head and 'Panamaul'"
by Who told you. September 30, 2013
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