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1.
Slang for the cand "Rolos". Used by the great Cornholio when asking for the candy, or demanding it from small children.
"Do you have any rolios? Ahhh!"
by nitz April 22, 2005
 
2.
A Rolex watch. A word made popular in the urban culture by many including Snoop Dog.
"I got my rolio on..."
by Disco-Stu January 26, 2006