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The process of blowing up your boat - or other vehicle - in the hopes of destroying nearby enemies. Also used to mean a risky, last ditch attempt, often involving a sacrifice, to reach a goal. While this procedure is, in fact, named [after the] [South American] country, it was not conducted for [the first time] there. Instead, the first Panama was performed in Nicaragua. Those who performed it simply thought they were in Panama.
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