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Vulgar slang for the female genitilia.
"Nothing like eating some unwashed panty bacon before breakfast."
A very heated loose vagina
She has a Panty Bacon
The whole friggin' world can see Karen's panty bacon whenever she sports the spandex.
When the discharge and skidmarks are there in ur pants for sooo long that they have a crusty texture and start to exude a strong sent of old bacon
Yo, i was with that bitch last night and she took off her saggy pink 1930s pants to reveal panty bacon. I ate that breakfast all night.