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palazzo pants 

Long, flowing floor-length pants that have very wide legs. Made of jersey knit material. Some have belts or lace on the waistband. Some have waistbands that can be rolled down to dangerous lows and are very tight on the hips, so they hide and reveal the body at the same time. I like them because they have that 1970s counterculture seductive appeal. The gaucho pants are shorter (calf-length) versions of palazzo pants..and I have knee-length pants like that, too.
I was wearing my palazzo pants with big platforms (not to step on them) and my 1970s hat..and guys were staring at me because I had rolled my waist down very low. At the same time, my legs were completely concealed, so that I looked a bit mysterious and not completely skanky.
palazzo pants by Starlett June 18, 2006
It is an italian name, coming from tuscany.

Whoever holds this name is related to the ancient assassins.
These people are very attractive.
nothing can faze them.

they are bosses.
Hey Palazzesi! you are awesome bro!
Palazzesi by BlackHardMamba November 1, 2011

You're such a Palazzo

'You're a Palazzo' has two meanings.
1. When a person believes everything on TV and the internet to be true, no matter how far off the planet it may seem.
2. When a person or persons are flamboyantly gay, and very drag queenish.
1. "I think i might fly to the moon for the weekend and enjoy a Wild Turkey". Said Tom.
"Bummer, i have ballet this weekend, can we go next weekend?" Said Jerry.
Tom Replies, "Mate, you're such a Palazzo".
2. Doing cartwheels and strutting around Priscilla Queen of the Desert style in the lounge room because you cant contain your excitement for "The Voice" all the while screaming out "I will survive" and doing high kicks in stilettos.

pajazzled 

meaning a moment of utter ownage and total domination of ones online virtual self.
omfg..pajazzled..tyggkkbyenub
pajazzled by enZ December 28, 2004

IL'Palazzo

1. Someone usually blind when it comes to thinking.
2. Someone who is usually not bright.
Hes not the more Il'Palazzo in the group.
IL'Palazzo by PeachesD00D June 26, 2008
A lady with larger than average vaginal lips who is prone to having temper tantrums where she yell so loud both sets of lips vibrate.
I was talking to my girl and I told her she should hit the gym and have cosmetic surgery on that huge vulva of hers and she went all Palazzo on me.
Palazzo by Ruzic May 17, 2007