A whorish female. Land ho doesn't neccesarily mean they're large, fat, or whale-like, but it's a nice addition if they are fat. It's sorta like how to pass off calling a girl a whore in front of teachers without getting teachers pissed. You're supposed to scream it like when a sailor spots land.
Chick one: "Ugh, here she comes. I can't believe she's dating Monty. She knows I've liked him for, like, ever."
Chick Two: "I know, right? What a bitch."
Chick One: "What a-- Oh, shit, there's a teacher right there... Hey, Kristin!"
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.