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Mis-spelling of the term "Holdass," which is a synonym of "Grab-Ass", as in to flirt excessively with somebody or to literally perform the action of grabbing a girl's gluteus maximus.

It is also a Norgwegian last name, but in this case it is pronounced "Hold-Aus" as in "AUStralia".
Mark: Hey Kate, do you know Madde Holdaas? Yeah haha I sure would hate to have her last name!

Kate: Yeah that is so funny!

Madde: "You know, there's a reason I have this name, Mark ;)"

Kate: Stop playing Holdaas, you two!
by Diego del Oeste March 29, 2010
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