What's the deal? Wuzzup? What it is? What it will be? What's gonon?, What's REALLY gonon? Wuzapnin? What's this all about? What's the time? What's next? Who's next?
But with a little flair. Can be:

1) a little more intimidating, as in toying with someone. (Tell me the truth.) Or,

2) just trying to sound cool (sometimes sounds FOOL or like a prick).
1) DX: "So tell me Regina. You sez you at home all night; but, my boyz seen you riding the Avenues in a black Beamah! Now ... WHAT'S THE DEALIO?!"

2) COOLIO FOOLIO: "WHAT'S THE DEALIO, Emilio? Sound like a shoddy old audio. Maybe we oughta BURY yo' stereo!"
by Chengo Bolemongo October 6, 2006
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a common phrase used by travis at very random times. Also means whats happening. Extremly annoying!
yo yo yo whats the dealio!!!! (this would be used when you walk in to class to say hey im here)
by s-shizzle September 30, 2006
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