The word can mean many things and is quite exchangeable to a certain extent. It can take almost any positive meaning when put into a sentence. It also is often used as a sort of greeting.
Ex. 1) Reece: "What are you doing tonight?"

Ben: "Not sure yet, but definitely some RAJDO!"

Ex. 2) Jared: "Ben! Hey! How you feeling?"

Ben: *just woke up from a coma* "RAJDO!"

Ex. 3) Reece: "Check out that girl that just walked in."

Jordan: "What a RAJDO."

Ex. 4) *phone ringing*

Ben: *answers phone* "RAJDO!!" *hangs up*
by IMAKEUPWORDSALOT December 14, 2010

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