1. a person who is both a pal and an asshole
2. the future version of the word frenemy in the year 3000, as defined by Conan O'Brien
"Chaz seems like a good friend, but he can be a selfish douchebag where his benefit is concerned. He's a real palhole."
A synonym for "Frenemy". Palhole will replace Frenemy in the year 3,000 as Conan has predicted. Palhole is a combination of Pal and Asshole. These type of people are friends and assholes at the same time. Get rid of these people.
My palhole is knocking on the door again. *sigh*