"The term “Cocoa Panyol” is peculiar to Trinidad and Tobago. “Cocoa” (Theobroma cacao) is an agricultural product, while “Panyol”, derived from Español/Espagnol, refers to Spanish language and culture.
Many Spanish words used by Trinidadian speakers of Spanish were shortened in our local English in a similar manner.
Indeed, parang is not restricted to the Christmas season. It belongs to all seasons, and for all occasions of celebration.