When a person is just too dang cool.
Commonly you will see these folks(generally male) wearing hats crooked/cursing in front of women and children/wearing wristbands/covering their mouths when they laugh/starting fights/usually think they are very good at something in which they have no business participating in/Driving very fast with wrist steering the vehicle.
Famous Coolballers- The entire cast of The Fast and the Furious
"Wow, look out for old coolball, he appears to be looking for trouble."
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