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Part of the mythical set of pirate laws. Parlay entitles its invoker with free passage to negotiate with a ship’s captain until the negotiations are complete.
ELIZABETH: Parlay! I invoke the right of parlay! According to the Code of the Brethern, set down by the pirates Morgan and Bartholomew, you must take me to your Captain!

--Pirates of the Caribbean
Parlay by Teresa from OK October 4, 2009
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I ain't doing nothin but parlayin
parlay by oc tbabyt July 28, 2003
n. (gambling) - 1. A wager and its winnings from a previously successful bet used for additional betting. 2. A type of bet, usually wagered on pro team sports, where all teams picked must all win in order to collect a fixed wager.

v.- to bet in such a manner (or just gambling in general)
Typical Parlay Payouts

2 Teams 13/5
3 Teams 6/1
4 Teams 11/1
5 Teams 20/1
6 Teams 40/1
7 Teams 75/1
8 Teams 150/1
9 Teams 300/1
10 Teams 700/1
parlay by Andy Mack April 30, 2005
A discussion between two individuals usually on the topic of business. Generally used by lieutenants in the dope game.
Yo you know where omar at?
Why, you got beef with him?
Nah, I'm just lookin to parlay.
Parlay by elm0z January 8, 2010
Slang for calling for someone attention

It stops the use of the N word!
“Say parlay” calling for attention

“Wassup parlay” a greeting

“Shiiit nun parlay” just casually using it so u don’t have to say there name.
Parlay by Koolman July 11, 2019
We're going to parlay at the crib latah.
Parlay by metalchic June 5, 2004
Means to chill, relax, have a good time.
"Heres the sequel/ you can get drunk as a skunk but weeds illegal/ im forever blunted anyway/ i dont give a FUCK what uncle sam say okay? lets parlay"

Fo Eva Blunted- Nine
Parlay by blunted420 October 16, 2008