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/Sounds like "PAH" (as in "park") + "boh" (as in "boat")/

Meaning

One euro in Spain, the most common slang for the European currency without sounding all formal. Nobody says 'it costs twenty euros' when they can say 'it costs twenty pavos' with way more flavor.

Examples

Give me five pavos for the taxi.

Dinner cost me 20 pavos, a steal for what it usually costs.

Regional synonyms
Bandera de España
Parné
Anonymous

Caught off guard or having failed at something. It comes from baseball, being 'ponchado' means you struck out, whether it's on an exam, a date, or a task.