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/Sounds like "PAH" (as in "park") + "toh" (as in "toll")/

Meaning

Flat broke, completely out of money. In Chile, estar pato is the standard expression for having zero funds, your wallet is empty, your bank account is dry, and payday feels like a lifetime away.

Examples

I can't go, I'm broke until Friday.

He spent everything at the party and was left with nothing.

A splash of alcohol added to a drink to give it some kick in Mexico. It can also mean a bug bite or sting, so context tells you whether it's happy hour or a mosquito attack.