Top Definition
Used to confirm the understanding of a proposition presented to a person or group of people about a course of action involving an expected reaction.
"Here is the dealeo. If go downstairs and get the ice-cream from the freezer you take it back.'
by Heavy P May 18, 2014
1 more definition
Idaho for closing a tupper ware sale.
Uncle Rico in Napolean Dynamite when trying to wrap up the tupper ware-sale.

Do we have a dealeo....?
by MarkSchofer August 21, 2007

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