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Referring to Peckham, an area in south london, by combining it's name with Vietnam. Vietnam is partly known for it's notorious resistance against the United States between 1955 and 1975 using violent warfare tactics. This helps to highlight the danger of Peckham as an area, by it's assosciation with the land of the blue dragon and it's violent and dangerous army.
Not so Smart Person: "Come we go Morleys in Peckham?"
Smart Person: "I ain't going Pecknam this time of night, you must have a death wish."

Pecknarm 

Pecknarm is slang for Peckham in South London.

The nickname for Peckham is Vietnarm, due to its high crime rate and gang violence.

Pecknarm is made by mixing Peckham and Vietnarm together:

PECKham + vietNARM = PECKNARM
A: What endz you from?

B: I'm from Pecknarm... South London.
Pecknarm by Don Trapstar June 24, 2009

Peckham Red 

A name for London based Manchester United fans who are usually from South London more specifically Peckham. They are a demographic that are know to have some of the worst football takes.
Peckham Red: Sancho is better than Saka bruv
Person: 1: Shut up you Peckham Red
Peckham Red by placeholdername April 30, 2023

Peckham Terminator 

Some pissed off ginger on a bus in Peckham who refused to get off the bus despite not paying. He gets rather rasict but then to everyone's amusement gets off the bus by going right through the door with a terminatoresque styley.
The Peckham Terminator screamed like a premenstral biatch and then made a very dramatic exit.
Area in south London where the majority of black people go to buy their meat! And hair care products.

**You see how prostitutes hang round corners and things looking for sex....well in peckham..instead of prostitutes its people who will do your hair for money!**

**Little Miss Jocelyn Was Also set in peckham...as well as Desmond's**
Mum:Look After your brother and sister.

Me: Why?!?!?!

Mum: Me and Your dad need to go to peckham to get some meat.

Me:Warrrrrreva!!!

Mum:Just look after them OK!!
peckham by AdeIzzle June 10, 2008

Peckham Rolex 

A slang term for an electronic parole tag in and around London. Ex-cons and their equally moronic friends often view having one as a badge of honour. The fashion accessory of choice for today's criminals-on-the-go.
'ere Dave, you get let out early or somin'?
That is correct, Michael, i have been released early on the condition that i wear this Peckham Rolex.
Peckham Rolex by Richard Bantin October 12, 2006