“Panda” follows Tim, a gay, Asian man who is realizing his current relationship is ending. In the face of that, he steps into the world of gay “bears,” hoping with a little liquid courage to find a new love—or at least a distraction. Tipping the balance are an activist roommate, a giddy drinking buddy and a bar hunk named, “Boss.” In this panda’s world, truths surface about the meaning of attraction and what gay society deems beautiful.