A play on the word Royalties. A facicous word describing major oil leaks (e.g. Exon Valdez) which cause any fallout on civilians, nature or economies.
As if New Orleans did not have enough devastation from Hurricane Katrina now has to deal with BP's Roilties.

The little kids at water parks always tend to leave their roilties in the pool.
by Trepid May 5, 2010
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