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Panamaican 

A person with one Panamanian parent, and one Jamaican parent
A: My mom is Panamanian and my dad is Jamaican
B: You're Panamaican
Panamaican by YoNoSe May 27, 2013

Panama City Pool Party 

When you take a poop in a toilet and proceed to jerk off and ejaculate in the same toilet before flushing.
Bro 1:Dude i just went to drain the tank in your bathroom, but there is a Panama City Pool Party going on in there!!

Bro 2: aww man I musta forgot to flush during my pre party ritual!

Bro 1: yeah man I turned the fan on cuz that bathroom was smelling like straight Jankem bro

psychic plague panacea 

Conceived in conversations about possible personal blog names in September 2002 at the early stage of now defunct startup "Text America" (2002-2006), Psychic Plague Panacea got a double take and immediate thumbs up from our consultant. The expert turned out to be far too expensive and left the next day, but the name was finally given to shawnblog.com when the site moved to tumblr.com after the startup (Text America) finally and miserably failed.

Spawning initial public awareness of the shocking and awful anti-Radiohead movement, shawnblog.com was featured on the tumblr.com home page and subsequently became popular enjoying higher technorati and Google rankings than far more influential web sites. The blog is, of course, mostly nonsense and should not be taken seriously, only very loosely representing the moments in the stream of consciousness of it's author.
Shawn Blog — The anti-Radiohead movement grows (Google search result for Psychic Plague Panacea)
psychic plague panacea by shawnblog February 21, 2010

panapenis 

Shaun: Bunt
Me: PANAPENIS!
panapenis by Montio February 4, 2008

Pull a Panama

The process of blowing up your boat - or other vehicle - in the hopes of destroying nearby enemies. Also used to mean a risky, last ditch attempt, often involving a sacrifice, to reach a goal. While this procedure is, in fact, named after the South American country, it was not conducted for the first time there. Instead, the first Panama was performed in Nicaragua. Those who performed it simply thought they were in Panama.
Al Giordino: What do you think, Dirk?
Dirk Pitt: Uh... I think we need to pull a Panama!
Al Giordino: A Panama? A *Panama*?
Admiral James Sandecker: A Panama? No! No Panama!
Pull a Panama by StaticStorm February 14, 2007
To go into a state of mass hysteria following a loss by the Toronto Raptors. May also include the flagrant overreaction that occurs after a member of the Raptors encounters a minor injury.
"Scott started to panace after Chris Bosh missed his second straight free throw"

"Some major panace when the Hawks took a 2 point lead, but luckily Andrea Bargnani came through"
panace by BillH_TDot April 2, 2007