1: A delicious Italian pastry.
2: An exclamation. (surprise, excitement, shock, horror, etc)
1: That was a tasty cannoli.
2: Holy Cannolis!!!;
Person 1: "I just heard Person 3 ate an Italian pastry."
Person 2: "Cannoli!!!"
"Cannoli" is the plural of "cannolo," which is a Sicilian pastry consisting of a crisp pastry tube filled with sweetened ricotta. The ricotta filling is sometimes sprinkled with crushed pistachios, chopped candied citron or orange peel, or semi-sweet chocolate chips. It's a popular item in Italian-American bakeries.
I'll have a dozen cannoli. But please make up some fresh ones. I don't want any that were already filled an hour ago.
Italian pastries that are interchangeable with guns.
In "The Godfather" movie, after his accomplice shoots a disloyal associate of the Corleone family, Clemenza says: "Leave the gun, take the Cannoli."
CANNOLiPANTS: hey bellaface that was a GOODASS cannoli? where'd you get it?
BELLAFACE: take a wild guess, you crazy beast, you. ;-*
A wankster or wigger. White on the outside, whiter on the inside.
A good way to tell a cannoli is if they think of themselves as an Uh-Oh Oreo (White on the outside, black on the inside).
That freshman is such a cannoli; he calls his sister J-Dawg and wishes he could be 50 Cent.