Wigalo means a male prostitue that has elements of wigga about him. Wigalo is a word which is a mix of "wigga" and "jigalo" hence the word "wigalo". Used as a mild insult or even a word used between friends.

It’s an acronym standing for Can’t Remember A Fucking Thing. It’s usually used to describe embarrassment at being unable to remember someone (CRAFT moment); going onstage as the lead in the latest theatrical performance and your mind goes completely blank (CRAFT situation); the next morning after a night when you got pissed as a fart and woke up in bed cuddling a traffic cone and a string of fairy lights wound round your prick.

A man's penis, plain and simple. Try it out in a sentence, you'll surely enjoy saying it!