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A religious observance practiced in India, Bangladesh and Nepal practiced on the last full moon day of the lunar month of "Phalguni "in the Hindu calendar, which occurs around the beginning of Spring in March. It is also practiced by the Indian Hindu/Sikh/Jain diaspora in Singapore, Malaysia, Sri Lanka, Burma, Maldives, Mauritus and in western countries like the US and Canada.

It is known as the festival of colors, since Indians celebrate the day by smearing colored powder on each other as a gesture of brotherhood and goodwill.

Christian extremists (like this guy "John Francois" with his misspellings and misgivings about Holi) from the Northeastern parts of India hate this festival because they are illiterate nuts who have been radicalized by racist missionaries from abroad.
"Holi hai" (Holi exists in Hindi) is a common phrase used by North Indians to signify the onset of Holi.
Holi by Sheldon Kurshner June 15, 2012
The Indian festival of colors where people throw colored powder on each other to welcome spring.
I pranked my sister on Holi by sneaking up on her and dumping powder on her.
Holi by Readingking1 February 7, 2018

Holi-Drama 

Drama that only seems to happen on a holiday, or during a holiday season. The most popular time of year for Holi-Drama to occur, is in December.

True Holi-Drama queens aim to hurt someone/dump/upset someone they have been in some kind of relationship with, or cause a general 'Jerry Springer' inspired disturbance on one of the 'Meccas' of Holi-Drama days: Christmas, New Year's Eve or Valentine's Day.

The more serious, hurtful Holi-drama queens aim for birthdays though.
Person 1: So what time is dinner at?
Person 2: I don't know. I'm not going.
Person 1: Why!! But it's Christmas!! What's wrong?
Person 2: I just got dumped by Dale.
Person 1: What a Holi-Drama loving asshole.
Person 2: Burn his Christmas present. It'll make you feel better.
Holi-Drama by Dramaville December 31, 2006

Holi-Whore 

A person (male or female) who wears Holister more than anything else. (jeans, shirts, cologne, underwears, etc.) May be used as a stereotypical term such as emo, scene, or skater.
1. Guy 1:She wears way to much Holister.
Guy 2:I agree. Shes a Holi-Whore.
2. Can be used as plural. They all look like Holi-Whores.
3. (tip) should not be used infront of a Holi-Whore.
Holi-Whore by Luke Conley March 17, 2008

Holi Boob Loob

1. Cooler way of saying holy moly.

2. If you're in church, you want to say Omigod.
But you want to say holi boob loob to a woman that walks by you and you're taken off guard.
Michael: Shit Butch said holi boob loob to that sexy fox.

Brandon233: Holi Boob loob.
Where over at that bar?
Now f**** now I'm saying it!
Holi Boob Loob by Raven Bishop December 19, 2011

Holi-lay 

A sexual encounter whilst on holiday.
Please also see definition for 'Lay-cation'
Boy on sun lounger by the pool: 'Where did you get to last night?'
Boy in clothes from the night before: 'I just had a great holi-lay with that chick from the bar'
Holi-lay by Tinatina c February 5, 2010