2
A very non-subtle street name for the Class A drug, Cocaine.
Tony: Shall we get some Pepsi Max tonight?
Tim: Yes - I wonder if anyone who overheard this conversation knows we mean drugs.

Tony: No way.
by Stevie Durham July 15, 2010
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5
European version of diet Pepsi.
except that it contains twice the amount of caffeine, and a substance named aspartame.
You shouldn't drink pepsi max while pregnant
by Scandinavia July 29, 2010
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