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It has the same meaning as the word 'chido' but 'chilo' is used in the northern parts of Mexico. It's meaning is 'cool'
'Tus zapatos estan chilos' will be like 'Hey, your shoes are cool'
by Jose Luis Gonzalez March 28, 2006
chilo/chido (mexican slang) = cool
hey wey, yesterdays party was fucking chilo!!
by KatChamber August 19, 2007
A dishonest, mentally deranged asshole who lies to everyone about anything.
That guy is a douchebag, what a fucking Chilo!
by MorganT2010 April 15, 2011
Pronounced: che low
A massive dump. Large crap. Butt explosion
A chilo is a dump so strong that it splashes the bottom of the toilet rim.
by Hilltop Terrace June 26, 2007