Another way of saying "give me a break" or "come on" vehemently during a conversation.
Alternately it can be used as a fresh way of greeting someone.
Guy 1: I didn't know you hate Hitler.
Guy 2: Hellod! Everyone hates Hitler!
or
Guy 1: I thought we were going to play beer-pong together all weekend!
Guy 2: Helloed! I told you an hour ago I'm going to Wisconsin! God!
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