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This word was traditionally brought into use in foxhunting, it was used when one person from the hunt saw a fox, and he would shout this word to indicate to the others in the hunt that a fox had been spotted. It then came into use in World War II when pilots of the Royal Air Force saw enemy aircraft.
Air Traffic Control: Bandits, to the south east, around 5 mile range.
Pilot: Tallyho old chap!
Tallyho by Nicky148 October 20, 2008
Either Tallyho or Tallyhoskie

1.To speed up whatever you're doing or need to do

2.To quickly get going
1.We need to Tallyho if we're gonna make it on time.

2.Lets tallyhoskies!
Tallyho by MaJESStik2407 April 14, 2016
An interjection used to express excitement or eagerness.
"Only two more pages on my term paper! Tallyho!"
tallyho by Aubrey March 16, 2004
Tallahassee. A city in north Florida, it is the capital of Florida.
"I'm goin' back to Tallyho in September."
Tallyho by Uknow September 25, 2006
A term used to indicate an attractive member of the opposite sex (presuming heterosexuality). Originating in Europe as a call by game hunters in siting a fox. With the evolution of the word fox to suggest a sexy woman, tallyho can now be used to refer to the siting of an attractive person.
"Check out that girl in the hall way."

"Whoa, Tally-Ho!"
Tallyho by Backspin August 5, 2005

Tallyboo 

Wiess College's annual award given on College Night for the biggest sleazeball of the year, named for the Master's teenage daughter that some guy was caught in bed with decades ago.
Who was it that won the Tallyboo after he got ejected for hurling a fridge from the third floor that one time?
Tallyboo by Not R May 8, 2009