Iralo is a short word for miralo wich means "look at him" in spanish, it is a
slang way to say "
well, look at you", mainly used in a playful way amongst
friends.
For example;
Friend 1: "hey look at my new car, i got it on a deal and its nice"
Friend 2: Iralo! It is nice!
Example 2;
Friend 1: hey
dude want to go to the
bar to pick up on some chicks
Friend 2: No! I will never cheat on my
girlfriend***another day friend 1 sees friend 2 flirting with some girl****
Friend 1: iralo iralo! The one who said that would never pick up on other chicks is now picking up on other chicks.