Literally means "the terrorists" in Spanish but it can be used to refer to your homies, bros, buds, friends, etc. Comes from the verse "con los terroristas"(with the terrorists) in the Harlem Shake song by DJ Baauer, which has since recently spawned a viral dance craze on YouTube.
Jim: Hey Brad wanna play some Call of Duty with me?
Brad: Naw man I am at a party with 'los terroristas' over here getting drunk and doing the Harlem Shake!
Brad: Naw man I am at a party with 'los terroristas' over here getting drunk and doing the Harlem Shake!
by Terminus_Est February 17, 2013