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2.
Means the 'deal'.
Said by Jake The Player from Booty Call.
Go to romp.com
"Yo...whhatzzz tha Dillyo girl?"
by ive-ree August 26, 2003
 
1.
Dillyo is a simple combination of two words, deal and yo. Loosely translated it can mean, "whats going on?", "how are things?", or "how are you?". Normally, however, it is directly linked to the phrase, "whats the deal yo?".
What's the dillyo? ....
by Seth C. September 06, 2006
 
3.
It means deal.
Like what the dill-o? whats the deal.
by Ari May 06, 2003