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1.
pronounced either lay-toes or la-toss

definition: absolutely fantastic. basically the greatest thing to ever happen to the earth.
"dude that was absolutely latos!"

"floyd j. latos is the official president of the world
by johhny poooop November 13, 2010
 
2.
Going to the Cross in Sydney and getting some hot ass Asian
Yo dude, I've just been watching SBS I gotta get me some Lato!!!
by Nashy February 18, 2008
 
3.
Louisiana, Arkansas, Texas, & Oklahoma. Connected to the Spanish words 'lado' and 'lato'.
Jake: You here about Dan? He got out of Cali.
Frank: Where to?
Jake: Da lato.
by WardenMic March 29, 2008