masc. A name for a friend, that is a mash-up of the saying "old buddy old pal"
hey, palio, wanna go hang out and grab some brewskies later?
by turtlemanftm August 21, 2010
A nickname formed at Vancouver College. It is usually referred to a gay Filipino kid. Also a big queer
Hey look at that big Palio over there
by PauloDancel July 27, 2011