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The main substitute for coke... both spend tens of millions of dollars on advertising a year and the effect is...
Customer: can i have a can of coke please?

Barman: sorry mate, only got Pepsi

Customer: that'll do!
by pat August 26, 2003
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3
A cola company whos advertising as gradually subsided to not really promoting their own cola, but more towards demoting coca cola.
Pepsi Executive #1: How about this for a commercial! A rough looking man with a shotgun walks into a bar, and starts shooting everyone, but instead of bullets, they are cans of coke! It ends with "Coke, it'll kill you."

Pepsi Executive #2: I love it!
by sebastiancee November 04, 2007
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4
Quebec, Canada, slang for French-Canadian. Based on Pepsi's early marketing as a cheap substitute for Coke. Early jingle: "Pepsi-Cola hits the spot/Twelve full ounces, that's a lot (Coke had 7 ounces)/Twice as much for a nickel, too/Pepsi-Cola is the drink for you". The slur was that French-Canadians were also cheap imitations.
"These two Pepsis go into a bar..."
by Barry March 31, 2005
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5
Code word frequently used by high school students to mean cocaine. (Pepsi = coke = cocaine). Frequently used over telephone and instant messenger-type conversations.
"Yeah, Max is getting me more pepsi for the weekend...should I try to hook you up?"
by David August 08, 2004
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6
a crappy version of coke,

also it has a terrible after taste,
person 1:"can i have a coke"

person 2:"sorry, we only have pepsi.is that ok?"

person 1:"i dont know, is monopoly money okay?"
by amkv123 February 21, 2010
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7
Derogatory term for low class French-Canadians. (based on the preferance and quantity of pepsi consumed)
*girl 1: hey that guy is hot
*guy: Allo-bonjour sexy madame
*girl 2: naw, just a pepsi
by Ana April 25, 2004
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