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/Sounds like "ehs" (as in "egg") + "TAHR" (as in "tar") + "AHL" (as in "art") + "PEH" (as in "pet") + "doh" (as in "door")/

Meaning

To have absolutely nothing to do, to be completely unoccupied and bored. In Argentina, 'estar al pedo' is that moment when you have neither work nor plans.

Examples

I'm al pedo at home, wanna go somewhere?

He's been al pedo all afternoon staring at the ceiling.

Regional synonyms
Bandera de Colombia
Desparchado

The US dollar traded on Argentina's parallel or informal market, outside the official exchange rate. "Blue" comes from the color of the bill. The blue rate often differs dramatically from the official rate and is a constant topic of conversation in everyday Argentine life.