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1.
Extremely sexy, loyal, caring , ambitious and Hard working. Once you find an olly you never let him go.
Im so glad i have Olly.
by missyb123 October 13, 2008
 
2.
A person who when drunk would masturbate around someones house.
Guy: Is it true that he masturbated around your house?
Guy 2: yeah, he's such an olly
by FatherK January 03, 2010
 
3.
Testicles.

Linked to ollies meaning the round glass marbles, used in the game of the same name. Used due to the round shape of both marbles and testicles.
She was so mad, she kicked him in the ollies
by CSIambleside March 04, 2009
 
4.
A name that is synonymous with being a complete and utter twat. If you have a son and call him Olly, be prepared for him becoming a massive cunt during his teenage years.

Men called Olly almost ALWAYS shop at Topman or at least River Island, wear really skinny Chinos, wear shit pumps that expose the hair on the top of their feet, wear beanies and wear very tight shirts that expose their non-existent six packs. Sometimes they may also pierce both their ears and wear extremely obvious large diamond stud earrings.

People called Olly will typically read the NME and worship indie bands such as the Arctic Monkeys. They may also take keen interest in The X Factor. They may also have an iPhone and Instagram absolutely EVERYTHING... typically hash-tagging all their photos.

They also have the most arrogant personalities. Olly will be very full of himself, thinking he can get almost any girl he wants by any means necessary.

All in all, if you are called Olly, be prepared to be labelled with these stereotypes. Whilst not all people called Olly are like this, they will possibly fulfil at least one of these stereotypes.
Olly: "Hey guys, I'm just reading the NME, I love the Arctic Monkeys! They are the best band since The Beatles. What do you think of my new Chinos?"

Person: "You're a cunt mate."
by I'm mad bro November 04, 2012
 
5.
A small, redheaded earth-child who often doesn't know exactly what to say.
Person: Hey, Olly!
Olly: I... um... you... uhhh... we... OMG.
by ForeverEverEtc July 15, 2009
 
6.
Fascist male, possibly self-obsessed, probably short. Will strut around like Mosely
"Hey, don't be an olly!"

*someone is putting on a dapper hat* - they are "ollying it up"
by Lady E of Kincavel May 18, 2009
 
7.
a complete and total prick with no life who strives to ruin other people's lives. he breaks girls hearts so cruelly and then denys doing it. he hurts his friends until they cry and thats not just the girls. overall he's just a really awful guy who is best to be avoided at all costs unless you want to be broken up into pieces and thrown away like trash.
by parkergirrrrl September 01, 2010