A type of vagina.

Pearl is a smoother and goes inwards, while Pastrami tends to be looser.

Basically saying Pearl stands for virgin and Pastrami stands for a thot.
"Hey Pearl or Pastrami?"
"Why?"
"Just answer it."
"Pastrami."
"Bro you dirty as fuck..."
by Chi Chi Pee Pee November 6, 2018
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