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/Sounds like "PEEN" (as in "pea") + "goh" (as in "go")/

Meaning

A horse, especially a working or riding horse. In the Southern Cone pingo is an affectionate, slightly nostalgic term for a good horse, the kind gauchos depend on.

Examples

He saddled up his horse at dawn.

That horse runs like the wind, it's a beauty.

Regional synonyms

In Costa Rica, total nonsense or pure gossip with no truth behind it. When someone is spreading stories that have no basis in reality, that's pura paja.