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
by blunted420 August 26, 2008
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to hang, and get so drunk that you cant even explain how bad it is.
tommorow's your 21st birthday so guess what that means, were gonna be parlayed!!!
by kandall December 30, 2011
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Usually used in betting, when you place multiple bets for higher stakes. In this case, it’s used when your buddy Ben walks in a room with two floozy girls.
“Hey look at jack getting a parlay, kerenza and ella sure are floozys.”

Brennan got a parlay last night, seen him walk into Alpha Phi with 2 broads.
by duuldademon March 3, 2022
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In betting terms a parlay is used to take winning's from a previous bet and add them to a new bet. A better term to describe this would be to "Press your Luck".
Dealer: What do you want to do with your winnings?
Me: I want to press it. (parlay)
by Trever "Parlay" Trader September 29, 2005
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Partying hard and chilling with all your old school homies
Man, I️ would give anything to be parlaying back at home right now!
by Chumpwich November 11, 2017
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Getting out of a sticky situation. Quoted from the first Pirates of the Caribbean, when Jack Sparrow is literally about to get his ass handed to him, but before he gets pwoned he quotes the pirate law of parlay, where if a pirate shouts this he and his party cannot be harmed.
this can be used in many situations today, such as not getting sacked from work, or splitting up with your girlfriend just to name a few.
Jenny - ' Johnny our relationship isn't working. I think we should see other people. let's spli..'

Johnny - ' PARLAYYYYY!!!!!!!'

Jenny - ' Dammit not again...'
by Chuck Norris's Grandson January 25, 2011
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