Pronounced Al-Kee-Ho. Any alcoholic female that goes to bars just to whore around and get any/all the men to buy her drinks. Usually an early 30's single mom that goes to the bar after working all week with no intention of going home with a guy because she has to go home and be with her kids, but she will never turn down a drink.
I bought the Alchy-Ho drinks all night, then when she found I was out of money she got up and moved on to the next guy.
by Pat Duffy and Scott Little November 30, 2007