hollabaluchi Share definition Flag A term used to describe an incredible, exciting, or improbable situation. Neeharlem: "I scored a goal to break the tie!!!"Vigorish: "HOLLABALUCHI!!!!" hollabaluchi by Vig the Nig. January 13, 2012 0 0 Get merch Get the hollabaluchi mug. Buy Now — $32.95 See more merch