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1.
"Fundu" correctly pronounced "Fundoo", used as a slang word that means "cool" or "awsome" only used in the Hindi language spoken in India.
That concert was really fundu!
by Sid "El presidente" November 17, 2004
 
2.
Something both fun and cool. Something that will pass your time in more or less useful entertainment.
Let's go to that new ice-cream place, it's rpetty fundo.
by Gunkglumb May 24, 2005