1. An informal saying when leaving ones company. Meaning "until next time", "contact me when you want to speak to me again" or "talk to you later". Similar to slang phrase " Holla Back" except the word "Back" is replaced with the first name of the 44th President of the United States of America BARACK Obama.
2. A re-adjusted Hip-Hop phrase (see Holla Back) to exclaim ones democratic/political position and/or support, specifically for the first African-American to hold the title/position of Head of State and Commander-in-Chief Barack Obama.
Example:
Ne-Yo: Yo Hov! I'm gonna go to the studio and write another hit.
Jay-Z: I'm just gonna stay here because I never write down my rhymes! Holla Barack!
Ne-Yo: Haha, ok I'll see u later, peace!
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