wolo Share definition Flag a white person that tries to act like a cholo similar to wanksta or wankster white guy: dude check it out im leanin like a cholo! cholo: stupid wolo shut up before i pop a cap in yo ass wolo by MBROYO August 31, 2007 0 0 Get merch Get the wolo mug. Buy Now — $32.95 See more merch