Dago Bomb means: Dago bombs are just big firecrackers that shoot up in the air. This firework is often seen at commercial displays with a long tail. The explosion is accompanied by a flashing white light and an impressive shockwave. Dago Bombs, which are illegal in all or most states except for one state, can be used without any permit. Similar to Cherry Bomb or M-80, but larger. Dago Bombs are powerful enough to damage or destroy almost any object they’re near. It may also be spelled Daygo Bombs or Diego. (in Community Dictionary, added by Kittiwake)