It means Bull *@#%
Well... actually it mean Peak Music Power Output... which means nothing in the real world.
Even the smallest speaker can have like a 400W PMPO.
The true measurement of power is the RMS rating in Watts. (Root Mean Square)
For example a 15W RMS speaker is rated at 450W PMPO.
Any Hi-Fi enthusiast, like myself, only ever goes by RMS... in fact... if the products has PMPO listed on it.. it's probably not even worth looking at, because they're just trying to sell you a pile of junk.