Polari word for a young girl or woman. Probably derives from Italian for 'chick'. May appear with alternative spellings, e.g. palone, paloney, pollone, polone, etc.
"Varda that paloni, a bona eek!" (Look at that girl, nice face!)
by Timof3 March 24, 2006
An extremely small, sausage shaped penis often pink in colour and probably contains a smelly surprise
Wtf david tua just lost and that guy totally has a paloni
by ScrottyMclean August 23, 2011

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