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Does the “p” stand for “parents?”

I think that is correct - here ia a statement from the US Immigration and Customs Enforcement website

The Department of Homeland Security (DHS) initiated the orderly wind down of the program known as Deferred Action for Childhood Arrivals (DACA). For more information, read the 2017 DACA announcement on the USCIS website.

2017 Update: On June 15,2017, former Department of Homeland Security Secretary John F. Kelly, after consulting with the Attorney General, signed a memorandum rescinding the November 20, 2014 memorandum that created the program known as Deferred Action for Parents of Americans and Lawful Permanent Residents (“DAPA”) because there is no credible path forward to litigate the currently enjoined policy. For more information, visit DHS.gov.

2015 Update: On February 16, 2015, a federal district court temporarily enjoined the government from proceeding forward on the former Secretary’s policy of DAPA and expanded DACA. The injunction does not affect the existing 2012 DACA initiative.

On November 20, 2014, former Secretary of Homeland Security Jeh Johnson issued new policies which allow certain aliens who arrived in the United States on or before January 1, 2010 to apply for deferred action, a form of prosecutorial discretion under which aliens are not removed from the United States and that authorizes them to seek permission to work lawfully in the United States. The former Secretary’s policies apply to certain individuals who came to the United States as children under the age of 16 of who are parents of U.S. citizens or lawful permanent resident children.