Yes, it means “old clothes” in Spanish. Yes, it's delicious. I'm not a fan of olives, though, so I left them out.
Heat a Dutch oven over medium-high heat. Coat with cooking spray and add in small batches:
Cook until browned on all sides, about two minutes. Set aside. Reduce heat to medium and add:
Cook, stirring frequently, until tender, about seven minutes. Add:
Cook until fragrant, about thirty seconds. Add:
Cook, scraping pan, until liquid almost evaporates, about two minutes. Add:
Bring to a boil, reduce heat and simmer until beef is very tender, about ninety minutes. Discard bay. Shred beef and add:
Recipe adapted from Cooking Light Annual Recipes 2009, p36