Backronym for: Planned All Night Drinking Affair
Yo, we gonna get turnt tonight! It's gonna be a PANDA!
Otherwise known as 'P and A' is short for pussy and ass. Sometimes when people talk about panda they're talking about all the girls they have sex with (or wish they were having sex with).
I've got a lot of panda in Atlanta.
I could really use some panda right now.