The act of being as late as a filipino, can be arriving to or starting an event. Originates from the philippines as traffic will always make you late. Usually relates to 30min - 1hr late.
Miguel "wasn't the show supposed to start at 7?"
Rica "oh they are running of filo time"
John "wheres rob?
Steve "filo time"
Rica "oh they are running of filo time"
John "wheres rob?
Steve "filo time"
by OAU January 10, 2011