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/Sounds like "peh" (as in "pet") + "lahn" (as in "lava") + "GOH" (as in "go") + "cheh" (as in "check")/

Meaning

Completely broke, without a single peso to your name. In Mexico, "pelangoche" is a playful, slightly humorous way to admit you are flat out of money, usually after a vacation, a night out, or just the end of a tough month. The word makes being broke sound almost endearing.

Examples

Don't invite me to the bar, I'm completely broke this week.

After vacation I was left totally broke until the next paycheck.

Regional synonyms

In Chile, to be publicly called out or exposed on social media for bad behavior. When someone se funa, the internet piles on and spreads what they did so everyone knows.