Elle May: "GOLLLLLLEEE!"
Guy: I know.
Crocodile Dundee: "That ain't a golly whoppa, thIS is a golly whoppa!"
2) Also used to refer to the thing that hangs from an obese person's neck. Especially if a person was obese, lost weight, and has loose extra skin.
3) Can sometimes be used in reference to the male genetalia.
Bubba didn't have a good reason for getting home late, so he made up some big gollywhopper about having a flat tire.