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Originally a Darkhorse comic which debuted in '94, it was created by Mike Mignola, who based it upon a number of different things, but namely his father.

Mignola's dad was a normal, blue-collar guy who worked in a machine shop- every day he'd come home with lacerations and cuts on his arms, which would horrify/amaze Mike-

"Jeez Dad- what happened to your arms?!?!"
"Ahh I got 'em caught in a machine, couldn't pull 'em out untill Larry turned of the power."
(Mike faints.)

The comic 'Hellboy' is an amalganation of everything Mignola likes to draw and read- monsters, Lovecraftian literature, gothic/Victorian arcitecture and art, etc....

Hellboy himself was summoned here to Earth as a baby by the Nazis right before the war ended, to awaken the Ogdru-Jahad, seven monstrous entities bound in golden cocoons in the place between Earth and Heaven- the coldest region of space. However, the Allies interveened just in time, defeated the Nazis, and instead of killing Hellboy, raise him to be good- the Worlds Greatest Paranormal Investigator, as it was!

This was later adopted into a movie by Guillermo Del Toro, who also did Devil's Backbone and Cronos- he loved the comics (this is why it turned out so good) but changed many things to add himself to the project, giving him a love interest and downplaying Rasputin, the Villain a bit.

But the movie was still beautiful, and a sequel is coming in 2006- which will be much better, in the same way X-Men 2 was better than XM1- the first got the character developement out of the way. Del Toro will now have his gloves off with this one- it looks very promising.

The reason why Hellboy is so great is that he was created just for releasing the Ogdru Jahad- it is his purpose, his reason to be, his destiny- but no matter what happens and how he is tempted or how the odds seem against him, he always chooses not to lose himself, and to save the Earth- showing us that we are not pre-determined to live our destiny.
Hellboy, after strapping a bomb to himself, allowing himself to be eaten by a many-armed behemoth, blowing it up from the inside and landing on his back:

(getting up)
"I'm gonna be sore in the morning."
(as if it was nothing!)
Hellboy by Animal Magic February 8, 2005
Related Words

Hellbound 

1. someone who is destined for Hell.
2. the subtitle for the 2nd Hellrasier movie.
3. someone who searches for Hell.
4. someone that is going into a very dangerous situation.
1. Your Hellbound man, sorry about that.

2. "Hellrasier-Hellbound"

3. I am Hellbound, wish me luck!

4. The soilders were Hellbound.
Hellbound by Manthing July 29, 2008
A mix of the words Hello and Oi. When trying to get someone’s attention and a simple hello will not suffice, but Oi would come across as rude.
DM: Hello
PM: No response

DM: Helloi !!

PM: Oh hi sorry I was on the toilet
Helloi by DM-PM December 22, 2018
"Aw Crap,"- Hellboy.
Hellboy by BPRD Agent July 16, 2003

Hellbilly 

A real badass hillbilly. The typical Hellbilly drinks hard liquor, smokes weed, is fond of cussing and doing things many folks would call blasphemy, gets into fights often due to a don't fuck with me attitude, packs a gun, has tattoos, has a general disregard for authority, loves driving pick up trucks down muddy roads, and is hell-bent on living life to the fullest and doesn't care what people think. Often listens to or plays Country and Death Metal. See Hank III for an example.
Yours truly is a Hellbilly.
Hellbilly by OneBadAsp October 25, 2006

hellbilly 

Hillbilly with attitude. Likes fast cars and rock chicks. Has tattoos covering at least 20% of his body. Known for public drunkenness and urination.
"hey man, you see dat cat right der.. dat's one hellbilly som'bitch"
hellbilly by Chris Gaines August 8, 2003