What is Vato Loco?
1.
a crazy gangster.
usually of hispanic origin. you will spot one when you see a guy with big kakhi pants with a wife beater ;may have a button up shirt over with only the top button buttoned; on and a guadalupe chain around their neck. also wear bandanas ;usually blue, black, or red; and sunglasses. also idolize tupac and godfather.
usually have a girlfriend who draws her eyebrows on.
just look at any of the "homies" figures
"man look at that vato loco in LA"
2.
Originated in Mexico is the traditional mexican gangster who stays true to his heritage, altough incorporating new content to his lifestyle never forgets about his origins and has major respect for his likings.
"Puro vato loco" crazy gang banger... "PURO VATO LOCO" denotes hispanic origin, then "CRAZY GANG BANGER" states now he is related with chicanos as well.
See
3.
a Mexican who is calm, but society makes him feel like living with disregard to his life, and it shows. Mexicans who gives up on society, are a vatos locos for EVER.
I'm a vato loco for ever.
See
4.
A horny, sex deprived person who resembles a leprechaun and masturbates on an hourly basis.
Bob: Hey Vato Loco! Had any sex lately?
Vato Loco: Does it count if it was with myself?