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The terms Hey and Hello put together for a casual effect! It's useful in IM and is unique.
Dara: Heylo!
Dara: How are ya?
UrbDicRdr: I'm cool, thx. Heylo to you too.
heylo by Darathinas April 18, 2006
Related Words
Hey and Hello all in one, a good way to greet informally!
Often used in two very distinct syllables, for effect, such as:

"Heylo! (Heyy-loh) What's up?"
heylo by ready2rock April 7, 2008
A common word that is used to greet someone, like hello, hey, hi.
Heylo by MerryMan15 April 2, 2007
a mix between 'hey' and 'hello' used in greeting
Heylo Bob!
heylo by CristlRoze August 17, 2010
a combination of hey and hello

...well, what did you expect it to be??
sam: heylo
marc: hi
heylo by mister fluffy penguin man December 30, 2010
The "lift" you get from consuming marijuana/cannabis/weed or vaping cannabis extracts. Popularized by Heylo Cannabis. heylocannabis.com
Girl, I can see your heylo. You have any to share?
heylo by 710vaporco2 September 30, 2017