Pronounced "pa-kay". This word is only commonly known in Hawaii. Person
who is frugal. Someone who will not make a purchase at an excessive
price. A person reluctant to spend money.
He no like buy, because it is not on sale, he so pake, yah? (Hawaiian
pidgin English)

http://www.urbandictionary.com/define.php?term=pake

I dig it, this is like island Yiddish!