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2.
(adj) Describes a person who has all of the fun of a black man without the threat.
Bitches: "Oooh hes black I wanna dance with him, but I don't wanna get stabbed...wait he's milado! I have to tell all my friends."
by shepmaster February 07, 2010
 
1.
A milado person is a person who is half white/black.
hot girls: OMG! That Milado guy is so sexy!
by MiladoMax November 01, 2012