Top Definition
The act of scheduling plans with others and then bailing the last minute.

The act of being lame.
Seriously, you're gonna pull a Caraballo?!? you're the one that organized this event and now you're bailing. Lame
by claytonbigsbee January 08, 2012
1 more definition
A black with a huge dick. Hung like a Spanish horse.
Lexington Steele is a caraballo
by Heather the black cock lover November 30, 2007

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