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/Sounds like "FYAH" + "oh" (as in "oh")/

Meaning

In Venezuela, an informal credit arrangement at the neighborhood bodega where you take something now and pay later. It is a trust-based agreement between the customer and the local shopkeeper.

Examples

I already have a big fiao tab, this month I am paying it all off.

The bodeguero stopped doing fiao because too many people didn't pay.

Word family
Regional synonyms

To crack a joke, tease, or mess with someone in a friendly way in Chile. It's the art of landing a funny comment to get a laugh or playfully rattle someone.