it’s a nonsensical/meaningless word/term, which probably implies something that’s newest or improved, or even amazing.

or, it was a way to modernize a product or a business name
a plain old bowling alley became bowl-o-rama

some video games called “zombie bowl-o-rama” and “cars race-o-rama”

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Disclaimer: o-rama definition / meaning should not be considered complete, up to date, and is not intended to be used in place of a visit, consultation, or advice of a legal, medical, or any other professional. All content on this website is for informational purposes only.