A fork of Rural Dictionary
A statement that can be loosely translated into "holy shit" or "holy cow" or anything that expresses extreme surprise. Holy Guacamole is actually a restaurant in Santa Monica. Wholly Guacamole is a brand of guacamole and other dips.
Jack: Hey Jill, lets go up the hill to fetch a pail of water! Jill: OKAY! (both go up the hill) Jill: (trips) Jack: HOLY GUACAMOLE! (trips)