Originally a WWII era anti-tank weopon, now it's the title for a "white-pride" record label. Panzerfaust records have a program called Project schoolyard, in which they sell CD's at low prices en masse to hategroups. In turn, the hategroupshand them out at schools.
See white pride.
"Wow, those panzerfaust idiots suffer from faggotry of the highest order."