dillio

Etymology
From the slang phrase "what's the deal, yo?" meaning "what's going on?". Originates from Lethal Weapon 2: "what's the deal Leo?" (South African accent) 1989

Noun

 * 1)  The deal; that which is current, relevant, or taking place.

Usage notes
dillio is always preceded by the. Since it takes the place of "deal, yo", the word is rarely encountered in mid-clause.