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1. dance move popular in Latin America, made popular by Italian cover band Panici at the Disco.
"Dude, last night we were at the sock hop when the dj played I Write Sins Not Tragedies. I totally impressed my date with my awesome panici skills."
(el)-(pan)-(ichi). used when you want to be raceist to mexican people.
El panici you taco sucking beaners!
The inability to get a erection when with a attractive female
I was about to fuck the shit out of this fit bird, but I got a case of the panicy Pete which ruined the night