PC cords are as old as the hills Jimmy and actually pre-date camera hot shoes, when the flash shoe was just a mount for the flashgun with no electrical connections at all. It's a simple way of firing a flashgun from a long way off camera, and the cords come in all different lengths. Each end has a little circular plug about 1/4" in diameter. One end plugs into the flash and one end into a socket on the camera body.
At one time the PC socket on the camera was standard on all cameras, but with the advent of hot shoes and more and more dedication, the socket has tended to be dropped in favour of the hot shoe on most entry and prosumer level bodies, while pro bodies tend to still have both.
On the 1 Series Canons the PC socket is the top socket on the side of the camera under the rubber cover. The 20D hasn't got one. The 580EX has a PC socket under it's rubber cover on the side.
If your camera doesn't have a PC cord, you can get hot shoe/ PC cord adapters though.
I think the PC bit just means Patch Cord which has come to be a universal term for connecting cables for computers and audio etc, but if yiou asked for a flash sync cord it would be just the same thing.