menstruation; or a woman's blouse (see Molina)
ezquizaliztli. costumbre tal de muger, o su camisa. Alonso de Molina, Vocabulario en lengua castellana y mexicana y mexicana y castellana, 1571, part 2, Nahuatl to Spanish, f. 29v. col. 2. Thanks to Joe Campbell for providing the transcription.
Literally, the emergence or flow of blood.