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Mexican "slang" word used by high class, modern, urban youth to describe themselves or other young high class males. "Papaloy" is the contraction and decomposition of the English words 'Father' as "papa", and 'Lord' as "loy" as they intend to represent the social "dominance" and "superiority" of a high-class, young Mexican male.
For the sake of definition, a "papaloy" is a young, wealthy, Mexican male who is stereotypically very good looking and studly and whose daily wardrobe always features very exclusive, high-end European or American brands. This here is the most important and identifying feature of a real "papaloy". Needless to say, 'knock-offs' of an exclusive brand (shoes, belts, sunglasses, jackets, shirts) would NEVER be worn by a "papaloy".

In addition to this, a so called "papaloy" is frequently seen in fashionable night clubs, exclusive restaurants, fashion malls and other high class social sites in the wealthy areas of Mexico city such as Polanco, Santa Fe or Bosques.
"Papaloys" are also known to have sky-high self esteems and to be potentially cocky and arrogant towards "non-papaloy" people. Furthermore, they are usually paired up or highly "sought after"by high-class, wealthy and beautiful females for their wealth and good looks.
Strictly speaking, there isn't a feminine version of "papaloy", however the technical feminine equivalent of a "papaloy" in Mexico would be called a "niña bien" (in English: "good girl" or "well girl" as in 'well-off'...)
An internationally recognizable and (to some point) accurate example of an authentic Mexican "Papaloy", would be the fictional character 'Chuck Bass' from the American teen drama series 'Gossip Girl', while 'Serena van der Woodsen' and 'Blair Waldorf' accurately exemplify a Mexican "niña bien".

IT IS IMPORTANT TO NOTE THAT NOT JUST ANY YOUNG, WEALTHY, MEXICAN MALE CAN BE OR SHOULD BE CLASSIFIED AS A "PAPALOY" AS HE SHOULD STRICTLY MEET ALL CLAUSES OF THE DESCRIPTIVE CRITERIA ALREADY MENTIONED IN THE DEFINITION.

Technically speaking, a "papaloy" can be from 15 to almost even 30 years old as long as he continues to meet the criteria.
Papaloy by cuhrazybitch August 16, 2011
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ne ne papalypse 

Ne Ne papalypse, (sometimes Nee Nee papalypse) is the theory that when more material for the manga and anime of Axis Powers Hetalia the entire fandom and it's afformentioned dark lord shall overtake the earth in unholy matrimony and destruction
"If you are not ready for the ne ne papalypse, may doitsu have mercy on your soul. There is no god.
Related Words

papalord 

Mexican nickname to those rich preppy guys who own yatchs and jets, ussualy found in the night clubs spending large amounts of money on exotic shots and champagne, they are likely to be found standing on a club table drinking Don Perignon from the bottle and surrounded by womens shouting "Yo soy el papalord"
"No pues que paso papalord vamos a tronar unas Moets no chief?"
papalord by papseloy October 19, 2011

Papagoya 

A sage among sages, the most revered and respected baboon in the lands. Has won many awards in his life, and is renown world-wide for inventing PPGY Server Technology, a system which revolutionized the internet.
Man, Papagoya is my idol.
Papagoya by Yenamaboya January 14, 2004
Like popola is the spanish slang term to the female's vagina, Papalo is spanish slang term for the male's penis.
"Papi dame el papalo"
Papalo by Daylene June 28, 2006

Papaloosk 

A temperamental yet sweet, cute, cuddly individual...often originating in the northeastern regions of the continental US. At times, can bring about "PITTS" - Pain in the Tuchis Syndrome upon others.
The papaloosk utters "jeeess" as she stairs over the lakeside view.
Papaloosk by Jim1836 December 3, 2007
one sexy fuckn hammah boi 🤤
damn thats papaloa 🤤
papaloa by damnnigga June 19, 2017