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A word that can be used interchangeably with the term "penis". However, most people refer to the chocolaty delicious caramel filled candy made by Nestle when speaking of rolo.
Mom: Go help me find the Rolos, they should be in aisle 4.

Daughter:I found the PENIS!

Stranger Who Does Not Understand term of Rolo: *awkwardly walks away
rolo by liaostep August 18, 2012
Related Words
rolo rolodex Rolon Rolodicks Roloff RoloHot Rolondan rolor Rolosexual roloxian
Abbrevation for:
Roll
One
Light
One
Stoner 1: Yo let's get high!
Stoner 2: ROLO!
ROLO by dblburgerwitcheez July 1, 2012
It's a type of chocolate, you moron.
rolo by maybell1ne July 26, 2006
In an academic setting with mixed age groups it is a random old lady outburst. Typically drawing upon examples using their kids, grandkids, and other non-relevant things that matter nothing to anyone.
Person 1: How was class today?
Person 2: My lecture was fucking hijacked by a rolo
rolo by boredscholar December 7, 2010
the shyt. on my boot :)
little chocolate things... with caramel inside
omyjezus, I ate the most delicious rolo the other day.

"how do they get the caramel inside the rolo?"
"they just put it in dipshit"
rolo by harrybrush December 23, 2008
the name given to the act when a male places a ring donut on his penis and a his female partner then performs fellatio on him. Once he orgasm, she eats the 'Cream Donut'
Jack is so horny that he daydreams the entire day about getting a Rolo from Susan.
Rolo by choco R September 24, 2014