Colloquially translates into "a lot of money"

Hella - term that originated in Northern California/Bay Area which is a term used as an adjective in English grammar as "a lot"

Cheese - "money", pretty obvious. This word has deep roots in holding on to this definition.

The term "hella cheese" was most commonly referenced in the hip-hop rap song "Toyota Music" featured in Big Sean's Album "Hall of Fame"

The first intro to said song starts:
"Hella cheese, hella trees, LSD. Smoking weed..."
Ex:

Girl and guy talking:

Girl: "bae you wanna go to Disneyland?"
Guy: "nah hoe, that's hella cheese."
by 3CIR December 31, 2013

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