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Tranny panties 

underwear that is in anyway unappealing to the general public. oppostie: ballin panties
"Eww look at Ben's tranny panties. They're so white and tight and gross."
Tranny panties by D-Herbs February 17, 2009

Tranny Panties 

The underwear of a transgender persin
"Hey man did you see the bulge in their tranny panties? "

"Dude, imagine being in the locker room and seeing a pair of tranny panties. I'd drop em in the toilet"
Tranny Panties by Pan_13 August 23, 2019