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/Sounds like the English word "no" (same pronunciation) + "EYE" (as in "eye") + "PEH" (as in "pet") + "doh" (as in "door")/

Meaning

No problem, it's all good, don't worry about it. It's the universal Mexican response to brush something off and say everything's chill.

Examples

Sorry for being late?,No hay pedo, all good.

The glass broke but no hay pedo, I have more.

Regional synonyms

To wish someone the best or send positive energy with genuine intention. It's the modern spiritual support of the Latino world: when you can't do anything else, at least you throw some good vibes and hope it works.