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/Sounds like "peh" (as in "pet") + "SEH" (as in "set") + "roh" (as in "row")/

Meaning

A public minibus in Mexico City, named "pesero" because the fare used to cost just one peso. These small, colorful buses are an extreme urban mobility experience, notorious for their reckless driving, packed conditions, and blasting music. They are a staple of daily commuting for millions of people in the capital.

Examples

Get on the pesero going to Tacuba, that one passes by your house.

The peseros go a thousand miles per hour.

Regional synonyms
Bandera de México
Bandera de Perú
Combi
Bandera de Puerto Rico
Bandera de Cuba
Guagua

When all hell breaks loose in Chile, a massive chaotic mess or brawl that gets completely out of control, usually with fighting or screaming involved.