Boliguayo Share definition Flag Despective name for a person from Bolivia, Paraguay or also Uruguay and Perú, mainly used in Argentina. Che boludo mira a ese indio boliguayo .Hey dude, look at that boliguayan indian. Boliguayo by SirNicolas December 21, 2010 0 0 Get merch Get the Boliguayo mug. Buy Now — $32.95 See more merch