1. a person who is both a pal and an asshole
2. the future version of the word frenemy in the year 3000, as defined by Conan O'Brien
2. the future version of the word frenemy in the year 3000, as defined by Conan O'Brien
"Chaz seems like a good friend, but he can be a selfish douchebag where his benefit is concerned. He's a real palhole."
by lemminginstinct September 14, 2009
A synonym for "Frenemy". Palhole will replace Frenemy in the year 3,000 as Conan has predicted. Palhole is a combination of Pal and Asshole. These type of people are friends and assholes at the same time. Get rid of these people.
by Lightboxes September 12, 2009