Panama City is a shit show. Everyone who i know who has gone there and been to other Spring Break destinations says its the worst. Its for the most broke college kids, the ones that cant afford to fly anywhere.
Supposedly it is really low class. I would rather go to any other place in Florida. I love Ft Lauderdale because i have family there and go all the time. Im sure its not as wild as Panama City, but its so much cleaner and upscale.