Term used to describe the Police coming, used primarily when partaking in illegal activity, such as a dice game, or smoking weed.
Yelling 'squalay' does not necessarily mean to run, it's totally situation dependant. If you're playing a dice game, and someone yells 'squalay!', just pick up the dice and cool out, if you just did the armed robbery thing, you better get ghost.
Three young gentlemen are jumping someone, and trying to take his chain...
One of the three men sees the cops before his friends.
He says: 'Squalay!'
All three gentlemen run, hopefully after acquiring the chain.
A very weird person. You can usually find them in a cave, crawling towards you growling and making weird noises, eating anything they find on the ground, or running around like they are on crack. But all in all they are a fun person to be around and you are lucky to know one.
Hey yesterday I met the weirdest person.
Hey it must have been a Squilly Squilliam