Mexican american person. One whose parents were born in Mexico but he/she was born in the United States. Not any hispanic, just Mexicans born in the US territory.
That vato over there is a CHicano, he was born here, but is parents were born in Mexico.
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Basically means friend. For white people it would be buddy, dude. For black people its like saying nigga. This term is used by many lations but specially Mexicans.
Dyablo: ΓΒΏHey ese, que tranza? (Was sup?)
Chivo: Nothing homes.
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