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It is a mis-pronounced version of "asshole", from the movie Johnny Dangerously where Roman Moronie used to butcher the English language.
You fargin icehole, I'm going to put your bells in a sling.
Icehole by bn880 August 27, 2006
A slang word of calling a Male person in Iceland or Icelandic descent referring to a local version of an ''asshole''
Look out for the guys hanging around the bars in Reykjavik, I heard they're all are a bunch of 'Iceholes'..........
Icehole by SFBorn415 January 6, 2017
A person or persons who feel the need to put down or criticize someone else’s opinion in order to make themselves feel their options are correct or legitimate. Usually someone who is insecure with themselves. First spoken in the movie “Johnny Dangerously”
That fargin icehole hates everthing and everyone.
Icehole by Roman Maroni August 13, 2003
A pepperminty sweet schnapps that is made in the great white north of Minnesota. It is meant to get people especially women super drunk for super cheap. The fastest way to drop a woman's panties.

Also comes in cherry, butterscotch, plum, and XXX grapefruit, but those flavors suck.
A little known fact is that Vermillion, SD, is the second highest per capita consumer of this wonderful ambrosia.
Dude 1- "Holy crap did you see the hottie I took home last night?"

Dude 2- "Yeah, she was DTF because of all the shots of ICEHOLE you bought her!"
Icehole by Augustus Boarsblood December 7, 2012

Farging Icehole 

Guy 1: Joe's a farging icehole
Guy 2: Yeah

fogging icehole 

A term associated with ice fishing where you are trying to find the holes that you previously drilled through the ice but can't, due to heavy fog.
Wife: "I thought you were going ice fishing today."
Hubby: "I was but some fogging icehole took my spot."
fogging icehole by PeeBee February 28, 2004