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Strangely enough, koala is slang for the alcoholic beverage absinthe. It originated as just a cover up word for alcohol in general.
Underage kids talking about getting some 'koala' so anybody who listens in, parents or otherwise, won't understand.
Berta: Hey Jimmy! Let's get some koala!
Jimmy: Bitch, last time we did that my mum smelled it on my clothes and beat me with a chair.
Berta: So what. STFU.
Jimmy: Shut yo' mouth hoe, or I pull a jinga out and stab ya.
Berta: Yo mama so fat.
Jimmy's Mom: You called me fat?
*Eats Berta*
koala by Timolas August 15, 2007
{verb} to jump on another's back unbeknown to them causing them to fall to the ground
garrett: did you guys just see him koala that guy?

marcus: yea that was amazing how he jumped on his back and pw0ned him!

all: *laugh*
koala by tyler AKA cheez January 6, 2009
A person who will not help themselves; Similar to that of the marsupial known as a koala who spends its time eating poisonous leaves so that they must sleep the majority of the day.
"Don't be a koala Chloe!"
Koala by theSpenc7 July 16, 2016
A term coined by GTLive during a Life is Strange let's play, used as an insult for someone who can't help themselves.
Don't be such a koala!
koala by SimpleWilson January 4, 2017
A promiscuous girl who has a very high percentage to carry sexual transmitted diseases such as chlamydia.

A girl a young man should steer clear of at all cost.
Hey Bro, you better get checked after messing with that koala!
Koala by Bobo4nic8s March 5, 2019
A person in their late 30’s or older, who did not have any sport affiliations to a team, did not support nor cheer for a team until that team showed promise to win a championship.
Rhys is a koala. He just started to support Liverpuke after they win the semis in the CL.
Koala by Cantonatheking7 May 13, 2019