1) An adjective used to describe a man named Greg, Gregory or Gregorio who is very tasty and delicious.
2) The state of deliciousness, attractiveness and general appeal of a certain man named Greg.
That man is gregalicious!
Gregory is particularly gregalicious today. I think he will need to be pleasured and spoiled.
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.