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It's mexican form of calling someone a redhead...
"Hey Canelo me traes una Caguama..."

Rough translation:
"Redhead where's my 40?"
by Decima_Dimension September 21, 2011
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2
itΒ΄s a spanish slang to name a joint.
''IΒ΄m gonna make a fucking blunt''
translation: Me voy a hacer un CANELO''
by Maxsgcrew August 27, 2009
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3
A dirty sanchez,dirty jose from the Canelos family. Or some random spic.
Jd is a dirty canelos
by Alex April 18, 2005
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4
an annoying dog that will bark if he hears one little sound. Cry's if he doesn't get what he wants.
"Canelo is begging for food and is starting to cry"
by buterasangel November 01, 2019
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