To Hale means to Fail. The word rhymes with Yale University which, to Harvard students, means a safety school for those who fail and get rejected from Harvard (no offense, Yalies). Also, this can be applied to anyone who fails at life, that's why the word rhymes with fail.
The word Hale can also be written this way: "Ha-Le"
Harvard dude: "Aaaah buddy! We totally owned those Yalies. They Haled miserably!
Harvard dude #2: "Sure thing. Hale for them!