Canceling plans at the last minute because you went home and made the mistake of taking your pants off, incapacitating the ability to be convinced it's worth going back out
Looks like I'm panceling on going out tonight. Let's try for next week!
by Clifwith1f October 3, 2018
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Waiting until all the cool people are at the party, then calling everyone else and saying it's cancelled so they don't turn up and ruin it.
Short for: "Party Cancelled".
Andrew: "Maria, who else is still coming to this party?"
Maria: "All the guys from work"
Andrew: "Screw them... this party is now Pancelledl!"
by stirfriedemu August 2, 2011
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Cancelling on a plan whilst making it seem like the other persons fault
Person 1: so I have to work this weekend but you can still come if you want.

Person 2: OMG are you pancelling on me?!
by Huwp November 29, 2016
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