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1.
An asian person who happens to be very pale that they almost look white. But when you contrast them against an actual white person, there is a tint of yellow.

A conjunction of the words "Yellow" and "White".
Many wellow folks live in New York.

Hello my wellow friend
by EbonyHeart November 25, 2010
 
2.
Anybody who is as stupid, or more stupid than an absent minded, half retarded, 18 year old girl.
Dude... did you hear what Marissa just said? What a freekin Wellow...
by Evil Zac December 26, 2010
 
3.
A Wellow is a old banana that just should not be there
u like when they are green, yellow or wellow?
by MeowMix2221 September 04, 2013