Stands for "Mildly Old". People who are in their late forties to early sixties who are still sexually active generally fall within this category.
Guy 1: "So this lady you're banging. How old is she again?
Guy 2: "52."
Guy 1: "Fuck man she old!"
Guy 2: "Actually she's only MOLD so it's ok."
Guy 1: "Ah, ok."
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