a word spelled with two "L"s.
Dude: Look at this baloon! I wrote 'baloon' on it!

Other dude: That's not how you spell 'balloon'.
by nobodyatallgoaway December 10, 2009
1) A large bloated nylon/rubber/polythene sheath that has hot air being blown into it, and is attached to a wicker basket in which people are taken for a ride, and are usually at the mercy of the wind.
2) Something that is spherical and made of rubber and full of air and makes little kiddies cry if you take it away from them.
3) Slang for a condom
1) find the baloon (the Flight Simulator level)
2) the big red baloon (the dumb kiddie book)
3) there is such a dumb sarcasrtic definition for a baloon (the other definition)
by Gunkglumb June 12, 2005
A thing commonly used in birthday parties where people get horny but there are no condoms around. Particularly painful if the neck isn't cut out and particularly ineffective if the neck is.
Hence, also used as a slang for condoms, used when having a conversation over the phone that you don't want your parents to hear.
I got a pack of baloons today for the party.
by Gunkglumb May 19, 2005
Putting piss shit and puke into a balloon, sealing it and then sniffing it afterwards
I'm not doing your drugs man, I'm going home and balooning instead
by Mr Awesomecat January 29, 2009
Slang: synonomous with asshole. Mainly because a normal tight sphincter resembles the inside of a knot made on a baloon.
Hey ... last night I popped her right in the baloon knot.
by Joey Provalone January 25, 2003
A baloon that is filled up with fart gas instead of air or helium by sticking the baloon in one's asshole and cutting a long huge powerful fart.
Look 'lil Teddy, I got you a bunch of fart baloons for your birthday party. Be careful with those baloons 'lil Teddy. If you pop them it will stink very, very badly.Especially the red fart baloon, that fat Mexican dude Frank Robertito blew that one up after he ate a bean and cheese burrito with a side of chorizo.
by Donald Cowboy Cerrone October 18, 2017
The act of ejaculating into a condom while doing a chick and after words dumping the contents on her head
I gave her a frosted baloon when I was done doing her
by none February 18, 2005