Homosexual Male version of a Cougar. An older gay male, usually at least 40 who seeks to score with younger boys in their 20's. He is often a wealthier gay male who uses his money to seduce or score with younger men.
In a nightclub on Santa Monica Boulevard in West Hollywood, CA:
Ryan: Hey, like why are all those cute boys gathering around over there?
Stephan: Oh, well I heard that like, some sugardaddy pulled up in a Bentley and he's like buying them all drinks.
Ryan: Ah, fabulous! A Pink Panther. I should like make sure he notices how fierce I am so I can get in on some of that.
Stephan: You're such a slut!!!
Ryan: Ya, well he can like take me back to his den anytime honey.