In addition to the localisms and interpretations already published, 'peterete' or alcaraván is one of the common names of the bird Burhinus bistriatus. See peteretes .
Nice inocenton boy
It means petty thief, rascal, thief, thief. It is the nickname of the companion of El Chómpiras in the comedy Los Caquitos. It also means comelon, which likes sweets, sweets.
"Doing Peterete" in my mother's ideolecto (Zamora / Valladolid, Spain) consists of doing something wrong or absurd, usually inadvertently, which usually or can have negative consequences.
It is honest, rational and perseverantecuando want to get something. It is of good character and easily amistadescon. It is reliable and pleasant in their dealings.
It is a thief, pillo, someone who steals or stealing things.