The term refers to persons speaking Spanish as a first language and who also have a persistent and consistent tendency to piss you off, albeit unintentionally, due to their immense stupidity.
The term does not necessarily refer to Spanish nationals or nationals of Spanish speaking nations -only those that piss you off.
1.
Equinor- Hey good to see you, how was the trip?
Tim- Ah pretty good, except the last bus getting here was full of spangaloids.
Equinor- Dude, there's been a lot of them around here recently, they piss me off too.
2.
Tim- Fuck man! All I wanted to do was buy some milk and chill but there were spangaloids everywhere and now I'm all pissed off and tense.
Buddah- Tim, dude, rest easy for they know not what they do. You can tell a spangaloid not to be annoying as you tell a dog not to bark, it's just the way they are...
A girl that, while she is sexy and you want to bang, is presumed to be a dirty whore.
Mikey: Holy Shvt! Look at that girl across the bar. I would do things to that girl that are illegal in 48 states!
Tim: You can't be serious dude? I hear that cum dumpster had a train ran on her by 4 guys and gave them all the clap.
Mikey: Good looking out, she's a total Skankalicious McNasty.
Nickname given to bales of marijuana thrown overboard or out of airplanes. Origin is reportedly from members of the US Coast Guard in the area of Southern Florida.