A colloquial term for cocaine.
Gentleman A: Where's the parpsen?
Gentleman B: It's under the stairs!!
Gentleman A: Well go get it then.
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Taken from the word Parpsen, meaning - cocaine. Parks & Wilson were a dance act from the 90's, a time that was famous for the introduction to cocaine into UK clubbing.
Put some Prog on, and rack up the Parpsen Wilson!