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1. No jello
Can be used social situations where you want to say something absurd about a girlfriend or wife of your friends but also let them know it's non-offensive and that you're not jealous "no jello". Used as a "no homo" figure of speech.
Two dude's sitting at the pool with their wives

Dude #1: "Yo, your wife has some nice tits. No jello"

Dude #2: "Righteous, your wife has a phenomenal ass. No jello."

- OR -

Dude #1: I want to fuck your wife, no jello.
2. No jello
When you want to say something mean or rude about someone but in a total innocent, serious, honest and wholeheartedly way and that it has nothing to do with jealousy. And you know you're NOT jealous.
I really hate her boobs. They're way too big, really. No jello.

This man has an annoying smile, why do girls for it so much? No jello, dude.
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