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2.
Receiving a blowjob while participating in a game of Halo.
Guy1: Dude i need some action, ASAP! but i dont want to stop playing Halo

Guy2: Well theres always option "Balo"
by Klofasho November 09, 2010
 
1.
a slang word for a baller or a cool person.
pronounced like (bal-oh) not (ball-oh) or (bay-low)
yo son that girl is such a balo!
by Meghanbalo November 13, 2007