The Pearl: The urban district just north of W Burnside Street and west of NW Broadway. A mixed area of expensive condominium lofts and apartments for low-income people. It has the largest concentration of art galleries in the city, as well as restaurants, nightclubs, and small shops. Aka Alimony Flats and Empty-Nest Flats.

Piggott's Folly: The elaborate castle built by Charles H. Piggott in 1892 at 2591 SW Buckingham Avenue and visible on the hillside, south of Portland State University.

Pill Hill: Marquam Hill, just south of downtown Portland, site of several hospitals, including Oregon Health Sciences University (OHSU).

Piss-U: Portland State University, aka Piss-U-Off.

Prosti-tots: Homeless street kids who trade sex for money.

Psycho Safeway: The Safeway supermarket on SW Jefferson Street, between SW Tenth and Eleventh Avenues. Famous for the antics of insane street people, drug-addicted shoplifters, and students from nearby Portland State University.

Pull My Finger: A nickname for Portlandia, a huge copper statue by Raymond Kaskey that sits above the entrance to the Portland Building at 1120 SW Fifth Avenue. The statue crouches above the buildings front doors and seems to extend its index finger.

Reedies: Students or graduates of Reed College in Southeast Portland, among them Barret Hansen, known now as Dr. Demento.

The Schnitz: The nice, clean, and beige Arlene Schnitzer Concert Hall at SW Broadway and Main Street, formerly the Paramount, a murky black-and-gold rock concert venue, formerly the Portland movie palace.

The Scum Center: The Rose Festival's "Fun Center" carnival in Tom McCall Waterfront Park.

Silver Dildo: A nickname for the Silverado bar, which features male strippers. See also the Devil's Triangle.

Stinky Town: The nickname for the area below the south end of the St. John's Bridge, site of a derelict plant that used to process natural gas. The plant's crumbling headquarters, topped with a four-sided clock tower, is considered the most photographed landmark in Portland.

String Town: The nickname for the Albina area when it housed Irish, Italian, and German railway workers. Origin unknown.

Sucker Creek Swamp: The original name for Lake Oswego before it was subdivided and marketed as an exclusive bedroom community for the wealthy.

Three Groins in a Fountain: A nickname for the statue Quest by Count Alexander von Svoboda on the west side of the Standard Insurance Center, at SW Fifth Avenue and Salmon Street.

Trendy-Third/Trendy-First: NW Twenty-third and Twenty-first Avenues, currently lined with trendy, chic shops and restaurants.

Trustafarians: Slang for would-be hippies and drug, environmental, and anarchy activists who wear hemp and patchouli and pretend to be poor, despite the sizable incomes they receive from trust funds endowed by their wealthy families.

24 Hour Church of Elvis: The art installation and shrine, formerly located at 720 SW Ankeny Street.

Vaseline Flats: The area of Northwest Portland west of the 405 freeway, popular with homosexual men and women, aka "the Swish Alps."

The V-C: The Virginia Cafe, a bar and restaurant at 725 SW Park Avenue.

The V-Q: The Veritable Quandary, a bar and restaurant at 1220 SW First Avenue.