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This word is a combination of two words. Baller and Holiday

Its when you ball everyday like its a holiday, meaning you go all out, every day, like its a holiday.
"Bitch that mean i ball like every day's a balliday."

-I get money(Freestyle), From the CD Rehab by DJ Michael Watts.
by Matt Kendall January 13, 2008
This is a period of time which you go without ball contact i.e. without the comfort of a man.
No men in 2010. Damn, that is one long ass balliday.
by The real JNo August 02, 2010