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/Sounds like "DEH" (as in "debt") + "LOO" (as in "loop") + "hoh" (as in "hope")/

Meaning

Something excellent, perfect, and top-quality that far exceeds expectations. When something turns out de lujo, nothing's missing, everything clicks perfectly, and there's absolutely nothing to improve.

Examples

The food was de lujo, give my compliments to the chef.

I feel de lujo after vacation.

In Mexico, to string someone along with small gestures and vague promises that never lead anywhere real. Keeping someone distracted and hopeful with scraps while deliberately avoiding giving them what they actually need or deserve.