A traffic accident involving a (usually illegal) immigrant from Mexico who was driving recklessly and does not carry insurance - and usually not a license, for that matter - leaving you stuck with the whole bill even though it was not your fault.
I got stuck with a caved in passenger door and a $1500 shop tab after that Mexident coming back from the store.
An accident or breakdown involving a poorly maintained vehicle that causes an interruption in traffic flow in a community (like Los Angeles) populated with a high percentage of illegal aliens.
I'm going to be late for our meeting, there's a Mexident on the 405.