It's mexican form of calling someone a redhead...
"Hey Canelo me traes una Caguama..."

Rough translation:
"Redhead where's my 40?"
by Decima_Dimension September 21, 2011
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an annoying dog that will bark if he hears one little sound. Cry's if he doesn't get what he wants.
"Canelo is begging for food and is starting to cry"
by buterasangel November 1, 2019
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''I´m gonna make a fucking blunt''
translation: Me voy a hacer un CANELO''
by Maxsgcrew August 28, 2009
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A dirty sanchez,dirty jose from the Canelos family. Or some random spic.
Jd is a dirty canelos
by Alex April 18, 2005
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Saul Álvarez, known as 'Canelo' is a Mexican 4-division boxing world champion, who is widely recognised as 'The Face of Boxing'. Notable wins come against Miguel Cotto in 2015, Gennady Golovkin in 2018 (controversial) and a vicious 6th round knockout against Amir Khan in 2016. His only loss came back in September 2013, against the great Floyd Mayweather Jr.

To some, he's pound-for-pound, the best boxer on the planet.
Person 1: How did you score the first Wilder vs Fury fight?

Adalaide Byrd: 118-110 for Canelo Álvarez
by loma.is.p4p August 24, 2020
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New preferred nickname for the boxer Saul ’Canelo’ Alvarez, following his two failed doping tests for the banned substance Clenbuterol.

The situation itself has caused quite a problem amongst the sport’s rampantly corrupt elite, since any lifetime ban for such a huge pay-per-view attraction would significantly harm their own financial interests.

Instead, a 6 month suspension (the time he would take between fights anyway) with no further screening has been imposed, thus insuring that his lucrative career may continue uninterrupted and that all future bouts may proceed as planned.
'Did you hear that Canelo Alvarez had failed a drugs test from eating contaminated meat?'

'Don’t you mean Canelo Alvaroid ? That guy was clearly cheating'
by Slimemon April 20, 2018
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Castiel Canelo McCoy is someone who always brought a smile to everyone’s face. He was always his proudest when he made someone happy. He’s a person that will never know or understand how much he impacted your life and changed the way you look at life. Even with all the dumb things he did he was a good person overall and only wanted to live and grow up to help people. He never got the chance to just have fun and be a normal teenager. He’s one of the best people to ever exist.
“Dude who’s Castiel Canelo McCoy?”
“He’s the best friend anyone could ever ask for and I’ll forever miss him”
“May he Rest In Peace
“I love Castiel Canelo McCoy”
by drpepperenthusiast September 11, 2022
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