An exclamation used after something anticlimactic happens.
Person A- * drops mentos in coke *
*nothing happens*
Persons A and B- Pancake!
Where two guys put you in the middle and start getting their swerve on.
If I come in there you guys aren't going to pull no monkey business and tryda pancake me ares ya?
A vagina that has been ****ed so much, it looks like some nasty pancakes.
John: Say Luke, did you get it on last night?
Luke: Nah man, that girl had some nasty "pancakes".
the act of shitting on someones face, flattening it out, jizzing on their eyes and mouth, licking it all up, all while the person who is getting the pancake is asleep. usually it can count as rape.
Derek: dude that bitch took my Pancake like a real cum slut last night
petey: i did that to your mom last night too