Pancho's Giveaway 

Pancho's Giveaway was a reference to a non-existent store that so called "poor" kids at school were said to shop at. If you wore rags, tattered clothes, or no namebrand clothes, you were made fun of and news would spread quickly that you indeed, shopped at Pancho's Giveaway!

See: poncho's give-away

You're so poor you bought your clothes at Pancho's Giveaway!

Nice clothes, did Pancho's Giveaway have a sale today?

Where does mom buy you're clothes? Pancho's Giveaway?

Pancho's Giveaway by Morales, Jacob May 7, 2008

poncho's give-away 

An imaginary store like a Goodwill where hand-me-down items can be bought so for so cheap, it's like the proprietor of the business is giving the stuff away. The phrase is used by school kids in L.A. to make fun of the possessions of poorer students, who may wear used or non name brand clothing and shoes. This may be attributed to parents who could not afford to buy nice shoes and/or apparel for their children.

Nice rags, did Poncho's Give-Away have a half-off sale today?

poncho's give-away by David R. July 11, 2006