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
von Teresa from OK 4. Oktober 2009

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Top Definition
to chill
I ain't doing nothin but parlayin
von oc tbabyt 28. Juli 2003

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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.
von elm0z 7. Januar 2010

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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
von Andy Mack 30. April 2005

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to hang out
We're going to parlay at the crib latah.
von metalchic 5. Juni 2004

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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
von blunted420 26. August 2008

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1) to dilly dally and waste time

2) to appear as if one is working hard, but nothing of value is really being accomplished
Adam just parlayed in undergrad
von Ratchetrhythm 15. Mai 2014

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