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Technical: "may you be victorious"

can be used to replace pretty much any word, ever.
eg. hello, fuck, well done

ho can be replaced with no, or go depending on the situation.
but jai ho is the crowned queen :)
"i'd jai ho him"
"i was jai ho'd last night"

person 1 - "i tripped"
person 2- "jai ho!"
Jai Ho by JaiHo! April 23, 2009
Related Words
An Indian saying meaning "You are my destiny." For those of us that cannot translate this, it means take action and go for the girl/guy that turns you on. Basically, go with your gut and pursue the person that touches your soul.
When I met David, I felt compelled to jump and shout Jai Ho!
jai ho by Susan Robb June 15, 2009
Extremely catchy and famous phrase from the movie slumdog millionaire. However, the two words should not be used lightly. They have often been found together in devil chanting and some believe that people who wear this name are the devil incarnate. Plaguing the world with disease and bringing horror to those who disobey. In the movie slumdog millionaire, Jai ho represents someone with no wheels.
OMG! His name is Jai Ho and look at what he is doing, he must be a work of satin himself.
Jai ho by donkeysmash January 11, 2011
Short for "Giant hoe-bag," as popularized in the smash hit "Slumdog Millionaire."
"Oh Bruce, that chick from 'Slumdong Millionaire' is such a Jai Ho."
Jai Ho by thetowncenter June 2, 2009
Word to replace hey ho in common usage, for example..

Pronounced JAY HO
jai ho by pussycatdolls99990 June 1, 2009