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A combination of the words 'chach' or 'chachi' and 'homo' or 'homosexual'. Please see definitions for chach and homo accordingly.
Frank had pink flames painted on his car? He's such a chachmo!
Related Words

Chachmongler 

(n.) pronounced: chach-mon-gler. ; one who is always superior. This person always wins fights weather it be verbal or physical. One who possesses great wisdom and has a aura of awesome. This person is looked up to and is one whose character exemplifies every desirable trait known to man. This person is one who is familiar with the magic of the wizardry world and is quite possibly related to harry potter. Often times, a chachmongler will hang out with celebrities and is featured on Discovery channel's Shark Week every year.
Those two chachmonglers just DESTROYED that filthy cockmongler!
Chachmongler by chacheroo October 20, 2010
it is anything you want it to be

but preferably worse than a chach which pretty much is a deusche troph.
What a chachmo....

Ron is a chachmo
chachmo by Jas Tran January 26, 2007